The wheat complex is feeling pressure across the three exchanges on Thursday. Chicago SRW futures are showing fractional losses across most contracts on Thursday. KC HRW futures are down 1 to 2 cents at midday. MPLS spring wheat us showing 1 to 2 cent losses at midday.
Export Sales from this morning showed wheat bookings at just 156,255 MT, on the low end of the 100,000-450,000 MT estimates for 2025/26 wheat bookings in the week of 1/8. Sales for 2026/27 were net reductions of 26 MT vs. estimates of 0-50,000 MT.
