The wheat complex is trading with losses on Thursday. Chicago SRW futures are down 6 to 11 ¼ cents across the board on the midweek session. KC HRW futures are leading the way with 20 to 22 cent losses. There were 5 delivery notices against May CBT wheat overnight, with 35 for May KC wheat. MPLS spring wheat is down 15 to 19 cents.
USDA’s Export Sales report from this morning indicated 78,772 MT of old crop sales in the week of 4/30 shy of traders looking for old 100,000 to 300,000 MT. That was the second lowest total for the marketing year. New crop sales were tallied at 187,538 MT, vs. the expected range of 0-250,000 MT. That was the 4th largest for the marketing year.
