Wheat had a solid day on the boards Thursday with the complex rallying across all three exchanges. Chicago SRW was up 12 to 16 cents, KC HRW gained 13 to 20 cents, and Minneapolis spring wheat climbed 6.5 to 10.5 cents. Looks like crude oil strength spilled over into the grains a bit.

Export sales data showed 203,100 MT of wheat moved for the week ending late February. Mexico was the biggest buyer at 74,500 MT with Indonesia taking 72,000 MT. That's down pretty significantly from the week before and way below year-ago levels - roughly 40% lower actually. New crop business was minimal at 55,000 MT, all heading to Thailand.

Canada's planting report this morning flagged 26.74 million acres of wheat expected to go in this spring, slightly ahead of what was anticipated. Spring wheat specifically came in at 18.78 million acres. The wheat closing prices reflected the buying interest - March CBOT settled at 5.82 3/4 up 16 cents, May CBOT at 5.83 3/4 up 15.5 cents, March KC at 5.85 1/4 up 20 cents, May KC at 5.92 1/2 up 20 cents, March Minneapolis at 6.08 up 9.25 cents, and May Minneapolis at 6.20 1/2 up 10.25 cents.

Interesting to watch how wheat holds these levels with the planting intentions coming in slightly higher than expected. Could be a factor to monitor going forward.