The wheat complex is trading with losses across all three markets, giving back early session gains. Chicago SRW futures are down 5 to 6 cents at midday. KC HRW futures are posting 3 to 6 cent losses. MPLS spring wheat is fractionally lower at midday,
Export Inspections data showed wheat shipments at 317,465 MT (11.66 mbu) shipped in the week that ended on January 8. That was an increase of 73.03% from the week prior, and up 2.19% from same week last year. The Philippines was the top destination of 100,459 MT, with 60,419 MT to Mexico and 39,899 MT to Taiwan. Marketing year shipments have totaled 15.581 MMT (572.52 mbu), which is up 19.23% yr/yr.
