The wheat complex is mixed at midday, with the winter wheats slipping bck and soring wheat posting gains. KC HRW futures are slipping back by2 to 3 ¼ cents at midday. CBT futures are trading with contracts down 1 to 2 cents. MPLS spring wheat is trading with 4 to 5 cent gains at midday.
USDA has the 2025/26 wheat export book at 10.309 MMT in shipped and unshipped sales, which is the highest since 2017/18 for this specific week. That is 20% ahead of last year and 45% of the USDA forecast, which is ahead of the 41% average pace.
