The wheat complex was under pressure across the three exchanges at the close. Chicago SRW futures saw weakness on Thursday, with contracts down 2 to 3 cents. KC HRW futures were 5 to 5 cents in the red on Thursday. MPLS spring wheat was down 4 to 5 cents across the front months at the close.
Export Sales from this morning showed wheat bookings at just 156,255 MT in the week of 1/8. The top buyer was unknown destinations at 72,000 MT, with 61,500 MT sold to the Philippines. Sales for 2026/27 were net reductions of 26 MT.
