The wheat complex is trading with losses on Monday. Chicago SRW futures are trading with 11 to 12 cents so far at midday. KC HRW futures are trading with 8 to 9 cent losses on Monday. MPLS spring wheat is down 7 to 9 cents so far. Crude oil is down $3.19 at midday.
Export Inspections data showed wheat at 343,022 MT (12.6 mbu) shipped in the week that ended on March 2. That was down 31.2% from last week, and 30.81% below the same week last year. Mexico was the top destination of 79,566 MT, with 62,647 MT to the Philippines and 56,699 MT to Bangladesh. Marketing year shipments have totaled 19.47 MMT (715.4 mbu), which is up 18.67% yr/yr.
