The wheat complex saw losses to kick off the new week. CBT soft red wheat futures were down 2 to 3 cents at the Monday close. KC HRW futures saw 1 to 2 losses in most contracts. MPLS spring wheat futures were down 3 to 4 cents in the front months.
USDA tallied wheat export shipments at 505,096 MT (18.56 mbu) during the week ending on October 2. That was 42.18% below the week prior but 38.46% above the same week last year. South Korea was the top destination of 177,333 MT, with 60,875 MT headed to Japan and 54,989 to Malaysia. Marketing year exports for 2025/26 are now 10.177 MMT (373.95 mbu) since June 1, which is now 16.67% above the same period last year.
