The wheat complex posted mixed trade on Wednesday, with the winter wheats facing some weakness. Chicago SRW futures saw losses of 4 to 11 cents in most contracts at the close. KC HRW futures closed mixed, with front months down 2 ¾ to 5 ¾ cents and deferreds higher. MPLS spring wheat was a penny to 4 cents in the green.
USDA’s FGIS tallied wheat export shipments at 368,455 MT (13.54 mbu) during the week ending on May 21. That was 55.89% above the week prior but down 34.55% below the same week last year. Japan was the top destination of 73,894 MT, with 68,058 MT headed to Mexico and 59,059 MT to the Dominican Republic. Marketing year exports for 2025/26 are 23.48 MMT (862.7 mbu) since June 1, 2025, which is now 10.17% above the same period last year.
