Wheat is showing 4 to 7 cent gains in early Friday action. The wheat complex was lower across the three markets on Thursday. Chicago SRW contracts were down 1 1/2 to 11 cents across the board, led by the nearbys. KC HRW futures led the charge lower for the winter wheat, with contracts down 10 to 13 ¾ cents in the front months, and 3 to 5 ½ cents lower in the deferreds. MPLS spring wheat was losses of 12 1/2 of 16 ¼ cents at the close.
Export Sales data was out on Thursday morning, with a total of 296,427 MT reported in the week of July 30. That was a 4-week high for sales, but still 59.82% below the same week last year. The Philippines was the largest buyer of 87,800 MT, with 68,700 MT sold to Mexico and 62,000 MT to Vietnam.
