Wheat is trading with double digit gains in the winter wheats and spring wheat up a nickel. The wheat complex led the grain complex higher on Thursday, holding with gains across the three exchanges. Chicago SRW contracts posted gains of 4 ¾ to 12 cents on the day. Open interest was up 3,111 contracts. There were 2 deliveries against CBT wheat overnight, with 53 for July KC wheat. KC HRW futures saw higher trade at the close, with contracts up 6 ½ to 9 cents. MPLS spring wheat was 2 3/4 to 8 1/2 cents in the green on the session.
Export Sales data from USDA Thursday morning showed a total of 313,103 MT of 2026/27 wheat sales in the week of July 2. That was back up from last week, but still 45.86% below the same week last year. South Korea was the top buyer of 101,000 MT, with 100,000 MT sold to Nigeria, and 68,600 MT to Mexico.
