The wheat complex posted losses across all three exchanges on Monday, as USDA data had a bearish spin. Chicago SRW futures were down 6 cents on the session. KC HRW futures posted losses of 3 to 5 cents into the Monday close. MPLS spring wheat was down 1 to 2 cents across the front months.
Export Inspections data showed wheat shipments at 317,465 MT (11.66 mbu) shipped in the week that ended on January 8. That was an increase of 73.03% from the week prior, and up 2.19% from same week last year. The Philippines was the top destination of 100,459 MT, with 60,419 MT to Mexico and 39,899 MT to Taiwan. Marketing year shipments have totaled 15.581 MMT (572.52 mbu), which is up 19.23% yr/yr.
