The wheat complex saw strength across most contracts on Monday. Chicago SRW futures were 11 1/2 to 13 1/4 cents higher on the day. KC HRW futures were 5 1/2 to 8 1/4 cents in the green at the close. MPLS spring wheat were steady to 1 ¾ cents higher.
Export Inspections data showed wheat at 365,156 MT (13.42 mbu) shipped in the week that ended on April 23. That was down 29.53% from last week and 43.84% below the same week last year. The Philippines was the top destination of 84,898 MT, with 84,134 MT to Japan and 54.999 MT to South Korea. Marketing year shipments have totaled 21.856 MMT (716.56 mbu), which is down 24.7% yr/yr.
