The wheat complex is heading into the weekend with losses across the three exchanges. Chicago SRW contracts are slipping back 7 to 8 cents to round out the week. KC HRW futures are trading with 7 to 8 cent losses at midday. MPLS spring wheat is down 6 to 7 cents so far on Friday.
USDA’s Export Sales report from this morning showed 319,901 MT of wheat sold in the week of October 8 coming on the low side of the 300,000 and 600,000 MT estimates. That was down 29.16% from a week ago and 47.89% below the same week last year.
