The wheat complex is continuing to post weaker trade on Wednesday, with all three exchanges in the red. CBT soft red wheat futures are down 3 to 5 cents on so far. KC HRW futures are 2 to 3 cents lower on Wednesday. There were another 6 deliveries issued overnight. MPLS spring wheat is 3 to 6 cents cents in the red at midday.
USDA’s monthly WASDE report will be released on Friday, as traders are looking for very few changes to the 2025/26 balance sheet. Stocks are seen at 865 mbu, down 4 vs last month. Production will be left alone this month due to the Small Grains report at the end of the month.
