The wheat complex is looking at weaker trade on Thursday. Chicago SRW is showing 4 to 5 ¼ cent losses. KC HRW futures are 7 to 8 ½ cents lower at midday. MPLS spring wheat is down 11 to 12 cents so far on the day.
USDA’s Export Sales report from this morning showed 267,553 MT of wheat sales in the week of 9/17, with shy of traders looking for between 350,000 MT and 600,000 MT. That was the 4th lowest total for the marketing year and 50.44% below the same week last year.
