The wheat complex is trading with double digit gains across the three exchanges on Thursday. Chicago SRW futures are up 13 to 14 cents at midday. KC HRW futures are 17 to 19 cents in the green on Thursday. MPLS spring wheat is 10 to 11 cents higher so far on the session.
Export Sales data from Thursday morning showed just 203,100 MT of wheat sold in the week ending on 2/26, on the low end of trade estimates ranging from 200,000 to 500,000 MT. That was down 16.41% from last week and 40.04% below the same week last year. New crop business was at 55,000 MT, in the middle of the estimated 0-100,000 MT.
