The wheat complex is trading with mixed action on Monday, with hard red contracts lower. Chicago SRW futures are up fractionally to 5 cents on Monday. There were 138 delivery notices for May CBT wheat on Friday night. KC HRW futures are down 1 to 2 cents on Monday. May KC wheat had 36 deliveries issued on Friday night. MPLS spring wheat is fown 4 to 5 cents in most contracts at midday.
USDA’s FGIS tallied soybean export shipments at 434,204 MT (15.95 mbu) during the week ending on April 30. That was 17.43% above the week prior and 5.44% above the same week last year. Mexico was the top destination of 146,499 MT, with 75,440 MT headed to Indonesia and 58,735 MT to Thailand. Marketing year exports for 2025/26 are 22.29 MMT (819.2 mbu) since June 1, which is now 11.96% below the same period last year.
