The wheat complex closed Wednesday mostly higher, but pulling off the highs late in the day. Chicago SRW closed with contracts up 2 ¼ to 4 ¾ cents across most months. KC HRW futures were steady to 5 ¼ cents higher, with nearby July down ¼ cent. up 1/2 to 1 ½ cents in the front months. MPLS spring wheat were mostly fractionally higher on the midweek session.
FAS will release the weekly Export Sales data on Thursday morning, as traders are looking for net reductions of 100,000 MT to sales of 100,000 MT for the final half week of the 2025/26 marketing year. New crop sales are seen in a range of 200,000 to 600,000 MT for the week of June 4.
