The wheat complex is holding higher on Monday, with bulls bouncing into midday. Chicago SRW futures are 5 to 7 cents in the greed on the session. KC HRW futures are up 9 to 11 cents so far on Monday. MPLS spring wheat is fractionally to 2 cents higher at midday.
Export Inspections data showed 319,730 MT (11.75 mbu) of wheat shipped in the week that ended on June 4, with 216,195 MT in the new crop marketing year. The weekly total was down 20.65% from last week and 1.38% below the same week last year. Mexico was the top destination of 83,211 MT, with 44,104 MT to Indonesia and 40,448 MT to Venezuela. Marketing year shipments for 2025/26 were 23.997 MMT (877.9 mbu) according to inspections data, up 9.13% from the same period in the year prior.
