The wheat complex is showing stronger trade on Monday. KC HRW futures are up 1 to 3 so far. CBT futures are showing midday strength of 3 to 4 cents on Monday. MPLS spring wheat is trading with 1 to 3 cent gains at midday.
Export Inspections data showed 365,486 MT (13.43 mbu) of wheat shipped in the week that ended on August 7, which was down 47.01% from the week prior and 45.37% below the same week last year. Mexico was the top destination of 80,401 MT, with 68,034 MT to Vietnam and 49,658 MT to Nigeria. Marketing year shipments have totaled 4.367 MMT (160.45 mbu) since June 1, 2.37% larger yr/yr.
