The wheat complex saw weakness across the three markets on Thursday. Chicago SRW contracts were down 3 ½ to 6 ½ cents on the day. KC HRW futures saw losses of 5 ¼ to 9 ½ cents at the close. MPLS spring wheat was 4 ½ to 10 ½ cents in the red on Thursday.
USDA’s Export Sales report was released this morning, with a total of just 239,627 MT during the week of 10/15. That was a 6-week low for sales and down 29.79% from the same week last year. Mexico was the top buyer of 98,000 MT, with 49,900 MT sold to Unknown destinations, and 19,000 MT so South Korea.
