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Barchart
Barchart
Austin Schroeder

Wheat Showing Mixed Action on Monday

The wheat complex is mixed on Monday. Chicago SRW futures are steady to fractionally higher across most contracts at midday. KC contracts are fractionally higher in the nearbys on Monday. MPLS spring wheat is down 2 to 3 cents across most contracts at midday

Export Inspections data showed 288,793 MT (10.61 mbu) of wheat shipped in the week that ended on July 24, which was up less than half of the week prior and still down 38.33% from the same week last year. Nigeria was the top destination of 55,377 MT, with 51,159 MT headed to Japan and 47,409 MT to Mexico. Marketing year shipments have totaled 3.31 MMT (17.21  mbu) since June 1, 5.92% larger yr/yr.

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