The wheat complex is trading with slight weakness to close out the week. Chicago SRW futures are fractionally lower on Friday. KC HRW futures are 1 to 2 cents lower across most contracts. MPLS spring wheat is down 2 to 3 cents at midday.
Export sales data, now updated just January 1 has wheat export commitments of shipped and unshipped sales at 20.228 MMT, 18% above a year ago. That is also 83% of the USDA estimate and in line with the average sales pace. Export shipments are at 15.16 MMT, which is 21% above last year. That is 61% of USDA’s export number and ahead of the 57% average shipping pace.
