The wheat complex posted gains across the three exchanges to close out the Monday session. Chicago SRW futures closed with 5 to 6 cent gains. KC HRW futures were 5 to 6 cents in the green at the final bell. MPLS spring wheat was fractionally higher at the close.
Monday morning’s Export Inspections report showed a total of just 183,305 MT (6.74 mbu) of wheat shipped in the week of 1/1. That was 42.47% below the week prior and 55.57% lower than the same week last year. The Philippines was as the largest destination of 74,996 MT, with 70,722 MT shipped to Mexico and 33,571 MT to Japan. The marketing year total is now 15.263 MMT (560.8 mbu) of wheat shipped, which is now 19.64% above the same period last year.
