Wheat is mostly higher on Friday morning, with the nearby May thin and in-deliveries. The wheat complex posted some profit taking on Thursday, with all three markets facing pressure. Chicago SRW futures were down 11 ¾ to 18 ½ cents in the front months. There were 312 delivery notices against May CBT wheat futures overnight. KC HRW futures were 5 ¼ to 12 ¼ cents lower in most contracts. There was 245 deliveries issued against May KC wheat overnight. Open interest was up 5,998 contracts on Thursday. MPLS spring wheat was 5 ¾ to 9 ¾ cents in the red at the close.
Export Sales data showed 226,096 MT of old crop wheat sales in the week of 4/23, a 5-week higher and well above the same week last year. The largest buyer was Indonesia at 70,000 MT, with 40,100 MT sold to Taiwan and 33,400 MT to Nigeria. New crop sales were at 156,715 MT, the largest sales total in 4 weeks for 2026/27. Taiwan was the top buyer of 66,400 MT, with 42,000 MT sold to unknown buyers.
