The wheat complex is showing gains across the three markets on Thursday. Chicago SRW wheat us up 6 to 8 cents so far at midday. KC HRW contracts a showing gains of 7 ¾ cents in the September contract. July KC wheat had another 16 delivery notices overnight. MPLS spring wheat is showing fractional gains so far on Thursday.
USDA’s Export Sales report from this morning showed 567,823 MT in 2025/26 sales, which was on the high end of the 200,000 to 600,000 MT. That was back down just 3.1% from the week prior but still more than double the same week last year. South Korea was the largest buyer of 90,000 MT, with 70,000 MT sold to Japan and 55,900 MT to Mexico. There was another 9,373 MT for 2026/27 sales.
