Wheat is trading with winter wheat contracts higher and spring wheat lower. The wheat complex posted gains across the three markets on Thursday. Chicago SRW futures closed 7 to 9 cents higher in the front months. Open interest was down 755 contracts on Thursday. KC HRW futures were 7 to 9 cents in the green on the day. OI dropped 1,963 contracts. MPLS spring wheat was up 4 to 6 cents at the close.
Export Sales data from Thursday morning showed 373,877 MT of wheat sold in the week of January 29. That was down 33.02% from the previous week and 14.81% below the same week last year. The largest buyer was the Philippines, with 89,200 MT sold to Taiwan, and 67,900 MT to Mexico. Another 41,000 MT was sold for 2026/27.
