The wheat complex fell lower on Friday, with contracts down across the three markets. Chicago SRW futures were 5 to 6 cents lower on Friday, as March was 8 ¼ cents in the red at the close. KC HRW futures were down 7 to 8 cents in most contracts, as March slipped 13 ½ cents this week. MPLS spring wheat was steady to 2 cents lower, as March was down 8 ¼ cents on the week.
Export Sales data has wheat export commitments at 21974 MMT, a 17% improvement from last year for the same week. That is now 90% of USDA’s forecast and slightly behind the 91% average pace.
