The wheat complex posted mostly higher trade on Thursday, with some spring wheat months an exception. Chicago SRW wheat was 7 to 9 cents higher on the Thursday session. KC HRW contracts were up 8 to 11 cents across most months at the close. MPLS spring wheat saw mixed trade on Thursday with September down 1 ¼ cents and contracts higher.
USDA’s Export Sales report from this morning showed 567,823 MT in 2025/26 sales, which was on the high end of the 200,000 to 600,000 MT. That was back down just 3.1% from the week prior but still more than double the same week last year. South Korea was the largest buyer of 90,000 MT, with 70,000 MT sold to Japan and 55,900 MT to Mexico. There was another 9,373 MT for 2026/27 sales.
