Wheat is trading mixed on Friday, with winter wheat contracts lower and spring wheat higher. The wheat complex posted mixed trade on Thursday. Chicago SRW futures were steady to a penny higher at the close. KC contracts were the strong point for the complex, up 3 to 5 cents higher. MPLS spring wheat saw weakness on Thursday, with contracts down 2 to 3 cents.
USDA’s Export Sales report showed a marketing year high 712,179 MT in wheat sales for the week that ended on July 17, which was 44.06% above the week prior and more than double the same week last year. Indonesia was the top buyer of 117,200 MT, with Taiwan in for 92,100 MT, and 86,500 MT to Mexico.
