The wheat complex spent the Friday session squaring up ahead of the Monday USDA reports. Chicago SRW futures were fractionally lower, with March up 10 ¾ cents this week. KC HRW futures closed with steady action, as March was 15 ¼ cents higher on the week. MPLS spring wheat was down 3 to 4 cents on the day, as that pushed the March contracts down 3 ¼ cents lower on the week.
Export sales data, now updated just January 1 has wheat export commitments of shipped and unshipped sales at 20.228 MMT, 18% above a year ago. That is also 83% of the USDA estimate and in line with the average sales pace. Export shipments are at 15.16 MMT, which is 21% above last year. That is 61% of USDA’s export number and ahead of the 57% average shipping pace.
