The wheat complex is trading with midday gains on Wednesday. Chicago SRW contracts are showing 11 to 12 cent gains on Wednesday. There were 25 deliveries issued against July futures overnight. KC HRW futures are 8 to 9 cents higher so far on the day. There were 346 deliveries issued against July. MPLS spring wheat is up 10 to 11 ¼ cents in the front months.
USDA’s weekly Export Sales report will be out on Thursday, as traders are looking for between 300,000 and 600,000 MT of 2026/27 wheat sales in the week of June 26.