The wheat complex is showing weakness across the three exchanges at midday. Chicago SRW futures are 9 to 10 cents lower on Wednesday. KC HRW futures are 11 to 12 cents in the red at midday. MPLS spring wheat futures are up ¾ cents to 2 ¼ cents lower in the front months. Talks of a possible peace in Ukraine are adding pressure.
Census trade data was delayed due to the shutdown but tallied a total of 2.69 MMT of wheat shipped in August. That was the highest total in 9 years for the moth and a 16.81% increase from last year.
