The wheat complex is continued the rally into Friday, with contracts up sharply across the three markets. Chicago SRW futures were up 24 ½ to 33 cents at the close, as May was 25 ¼ cents higher this week. KC HRW futures were 23 ½ to 31 cents in the green on the day, with Mayu rallying 43 cents this week. MPLS spring wheat was 13 to 23 1/2 cents higher at the close with May 30 ¼ cents higher this week. Crude oil futures were up $10.22 at the close to continue the spillover support.
Export Sales data from Thursday morning has taken export sales commitments to 23.204 MMT, which is 95% of USDA’s estimate near the 97% average sales pace. Shipments are 75% of USDA’s export number at 18.45 MMT, which is ahead of the 72% average pace.
