The wheat complex is up across all three markets on Monday. CBT soft red wheat futures are up 2 to 3 ¼ cents across the front months. KC HRW futures are showing strength of fractional to 2 cents at midday. MPLS spring wheat is trading with 1 to 2 ¼ cent gains.
USDA tallied wheat export shipments at a multi-year high 946,240 MT (34.77 mbu) during the week ending on August 21. That was more than double last week and 71.35% above the same week last year. Of that total, 150,716,265 MT was headed to Indonesia, with 146,660 MT on its way to the Philippines and 142,969 MT to South Korea. Marketing year exports have totaled 5.763 MMT (211.75 mbu), which is 10.99% above the same period last year.
