The wheat complex is posting gains across most contracts at midday. CBT soft red wheat futures are 1 to 3 cents in the green so far. KC HRW futures are 7 to 9 cents higher across the nearbys at midday. There were 14 deliveries issued on Friday night. MPLS spring wheat is up 7 to 8 cents in the front months ignoring in delivery September.
Export Inspections data showed 424,993 MT (15.62 mbu) of wheat shipped in the week that ended on September 4, which was a drop of 47.12% from the week prior and 31.57% below the same week last year. South Korea was the top destination of 68,604 MT, with 65,999 MT to the Philippines and 60,802 MT to Bangladesh. Marketing year shipments have totaled 7.065 MMT (259.6 mbu) since June 1, 10.09% larger yr/yr.
