The wheat complex is extending the losses to Thursday across the three markets. Chicago SRW contracts are down 1 to 2 ¼ cents on the day. KC HRW futures are showing 4 to 5 cent losses at midday. MPLS spring wheat is down 6 cents in the front months on Thursday.
USDA’s Export Sales report was released this morning, with a total of just 239,627 MT, falling shy of trade estimates looking for between 250,000 and 550,000 MT during the week of 10/15. That was a 6-week low for sales and down 29.79% from the same week last year.
