The wheat complex is falling back on Monday. Chicago SRW futures are fown 3 to 4 cents so far on the day. KC HRW futures are 7 to 8 cents higher on Friday. MPLS spring wheat is trading with contracts 2 to 3 cents lower.
Export Inspections data showed wheat shipments at 535,113 MT (19.66 mbu) shipped in the week that ended on February 19. That was up 41.57% from the week prior, and 37.37% above the same week last year. The Philippines was the top destination of 89,227 MT, with 67,932 MT to Nigeria and 62,144 MT to Bangladesh. Marketing year shipments have totaled 18.24 MMT (670.33 mbu), which is up 19.41% yr/yr.
