The wheat complex is trading with gains across most contracts on Monday. Chicago SRW futures are up 4 to 5 cents at Monday’s midday. KC HRW futures are up 5 to 6 cents so far on the day. MPLS spring wheat is 1 to 2 cents higher.
Export Inspections data showed wheat shipments at 627,443 MT (23.05 mbu) shipped in the week that ended on December 18. That was an increase of 28.2% from the week prior and up 46.79% from same week last year. Mexico was the top destination of 98,816 MT, with 73,777 MT to Japan, 69,201 MT to Thailand, and 68,559 MT to China. Marketing year shipments have totaled 14.75 MMT (542.1 mbu), a 22.89% hike yr/yr.
