Just noticed wheat was having a pretty solid day on Thursday across all the major exchanges. Chicago SRW futures jumped 12 to 16 cents, KC HRW was up 13 to 20 cents, and Minneapolis spring wheat climbed 6 to 10 cents. Looks like crude oil rallying probably helped push some of that buying interest into the grain complex.

Export sales data that morning showed 203,100 MT of wheat moved for the week ending late February. Mexico took the biggest chunk at 74,500 MT, Indonesia grabbed 72,000 MT. Pretty solid demand but still down compared to the week before and down from a year ago. New crop business was lighter at 55,000 MT, all heading to Thailand.

Canada's planting intentions came in showing 26.74 million acres of wheat expected for spring, which was slightly above what people were estimating. Spring wheat specifically hit 18.78 million acres, running a bit below last year's numbers. With crude moving up and some decent export flow, wheat futures were definitely catching bids. Mar CBOT wheat closed around 5.82 3/4, up 16 cents for the day. Makes sense when you see that kind of momentum building across the board.