The wheat complex faced some pressure on Thursday after rallying to fresh multi year highs overnight. Chicago SRW contracts were down 8 ½ to 13 cents at the close. KC HRW futures slipped late, with contracts down 3 to 10 ¼ cents. MPLS spring wheat was up ½ to 1 cent in the front months was back months down 2 to 5 cents
Export Sales data from FAS was out this morning showing just 290,016 MT of wheat sales for the week of 7/13. That was up 23.36% from last week but still less than half the same week last year. Mexico was the lead buyer of 137,600 MT, with 98,200 MT sold to Taiwan.
