The wheat complex is trading with weakness on Tuesday across the three markets. Chicago SRW futures are posting 6 to 7 cent Tuesday losses. KC HRW futures are showing 3 to 4 cent losses at midday. MPLS spring wheat is down 2 to 3 cents in the front months on Tuesday.
USDA’s FGIS tallied wheat export shipments at 392,661 MT (14.43 mbu) during the week ending on January 15. That was 23.48% larger than the week prior and 49.97% above the same week last year. Mexico was the top destination of 110,660 MT, with 82,764 MT headed to Japan and 54,455 MT to Taiwan. Marketing year exports for 2025/26 are 15.975 MMT (586.96 mbu) since June 1, which is now 19.84% larger than the same period last year.
