The wheat complex headed into the weekend holding onto the weakness on Friday. Chicago SRW contracts fell lower on Friday, with contracts down 1 ½ to 9 ½ cents on the day and December losing 10 ½ cents this week. KC HRW futures slipped back 3 to 9 cents at the close, as the lead December contracts was down 15 ¼ cents from last Friday. MPLS spring wheat was down 5 ¼ to 9 ¾ cents on Friday, with December losing 18 ¾ cents on the week.
USDA’s Export Sales report from this morning showed 319,901 MT of wheat sold in the week of October 8. That was down 29.16% from a week ago and 47.89% below the same week last year. The top buyer was Taiwan at 105,800 MT, with 68,100 MT sold to Sri Lanka and 52,300 MT to Mexico.
