The wheat market gave back into the weakness on Wednesday, with all three exchanged fading back. SRW futures were down 8 to 9 cents at the close. KC contracts were 9 to 10 cents in the red at midweek, as contracts failed to hold the Tuesday gains. MPLS spring wheat was back to weaker trade on Wednesday, with losses of 2 to 4 cents.
USDA’s Export Sales report is expected to show between 250,000 and 500,000 MT in wheat sales during the week that ended on July 17.
