The wheat complex is mostly lower across the three exchanges. Chicago SRW contracts are down 2 to 3 cents on the day. KC HRW futures are down 7 to 8 1/2 cents at the midday part of the session. MPLS spring wheat is steady to fractionally lower on Monday.
USDA’s FGIS tallied wheat export shipments at 373,611 MT (13.73 mbu) during the week ending on July 9. That was up well above the week prior but 15.97% below the same week last year. Mexico was the top destination of 114,945 MT, with 79,127 MT headed to the Philippines and 62,220 MT to Japan. Marketing year exports for 2025/26 are 1.893 MMT (69.54 mbu), which is now 17.32% below the same period last year.
