The wheat complex is trading mixed on Monday, with winter wheats higher and spring wheat trading lower. Chicago SRW contracts are posting 2 to 3 cent gains on the day. KC HRW futures are 1 to 3 cents higher at midday. MPLS spring wheat is down 5 to 8 cents in the front months.
Monday’s weekly Export Inspections report showed wheat shipments of 421,277 MT (15.48 mbu) in the week of 8/6. That was a 24.36% increase from the week prior and 1.55% larger than the same week last year. Japan was the largest destination of 81,506 MT, with 78,035 MT shipped to Mexico and 66,000 MT to the Philippines. Shipments for the marketing year are now 3.332 MMT (122.4 mbu) of wheat, which is 24.56% below the same period last year.
