The wheat complex is trading with modest weakness on Friday. Chicago SRW futures are 1 to 3 cents in the red on the Friday session. KC HRW futures are down 7 to 8 cents at midday. MPLS spring wheat is trading with 2 to 3 cent losses at midday. The CBoT will be closed on Monday for Memorial Day, with the Tuesday session showing a normal open.
Export Sales data has old crop wheat commitments at 25.241 MMT, which is up 16% from last year. That is also 102% of the USDA forecast and lagging the 103% average sales pace. New crop business has totaled 2.029 MMT, so far, which is down 51.45% from the same week last year
