The wheat complex is back to lower action on Friday, giving back some of the Thursday pop higher. CBT futures are 5 to 6 cents in the red so far. Kansas City HRW contracts are 5 to 7 cents lower so far on Friday. MPLS spring wheat is showing 5 to 6 cent losses across most contracts at Friday’s midday.
Export Sales data has total wheat commitments at 9.571 MMT, which is slightly below the same period in 2020/21. That is also 41% of USDA’s projected total, ahead of the 39% average sale pace.
