The wheat complex is in the red across the three exchanges on Friday. Chicago SRW contracts are 4 to 6 cents lower so far on Friday. KC HRW futures are trading with contracts 7 to 9 cents in the red. MPLS spring wheat is down 5 to 7 cents at midday. September options expire today.
The weekly USDA Export Sales report has tallied 2026/27 wheat sales at 7.936 MMT, now down 31% from last year. That is 38% of the current USDA export estimate and lags the 49% pace from last year and the 45% average.