The wheat complex is extending the losses on Thursday, with the three exchanges falling at midday. Chicago SRW futures are 6 to 7 cents lower on Thursday. KC HRW futures are down 4 to 5 cents so far on the day. MPLS spring wheat is 4 to 7 cents in the red at midday.
USDA Export Sales data showed 642,239 MT in net cancellation for 2025/26, which was below estimates of 200,000 MT in net reductions to net sales of 100,000 MT. Sales for 2026/27 were tallied at 838,507 MT, which did exceed the estimated range of 250,000 to 600,000 MT. Some of the old crop cancellation was likely rolled to new crop.
