The wheat market is trading with weakness on Wednesday, failing to see follow up buying from Tuesday. Chicago SRW futures are down 7 to 8 cents at midday. KC contracts are 7 to 8 ½ cents lower at the midday part of the Wednesday session. MPLS spring wheat is back to weaker trade on Wednesday, with losses of 4 to 6 cents.
USDA’s Export Sales report is expected to show between 250,000 and 500,000 MT in wheat sales during the week that ended on July 17.
