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Austin Schroeder

FOUND: Wheat bears pushing losses into fridays midday - What They Never Told You

Wheat Chicago SRW KC HRW MPLS CBOT Wheat KCBT Wheat MIAX Wheat

The wheat complex is heading into the weekend with losses across the three exchanges. Chicago SRW contracts are slipping back 7 to 8 cents to round out the week. KC HRW futures are trading with 7 to 8 cent losses at midday. MPLS spring wheat is down 6 to 7 cents so far on Friday.

USDA’s Export Sales report from this morning showed 319,901 MT of wheat sold in the week of October 8 coming on the low side of the 300,000 and 600,000 MT estimates. That was down 29.16% from a week ago and 47.89% below the same week last year.

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