The wheat complex is trading through Monday with slight gains. CBT soft red wheat futures are 1 to 2 cents higher so far on the session. KC HRW futures are posting 3 to 4 cent gains on Monday. MPLS spring wheat futures are showing 1 to 2 cent gains at midday.
Export Inspections data showed 738,604 MT (27.14 mbu) of wheat shipped in the week that ended on September 25, which was a drop of 21.41% from the week prior but 33.85% below the same week last year. Nigeria was the top destination of 140,472 MT, with 117,824 MT to Bangladesh and 89,115 MT to Japan. Marketing year shipments have totaled 9.537 MMT (350.4 mbu), 15.12% larger yr/yr.
