The wheat complex is trading with 6 to 11 cent gains across the three markets. Chicago SRW futures are 8 to 9 cents higher so far on Friday. KC HRW futures are 10 to 11 cents in the green on Friday. MPLS spring wheat is 6 to 7 cents higher at midday.
The markets will be off on Monday for the Martin Luther King Jr. Day holiday. They will open back up on Monday evening.
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Export Sales data is fully updated through January 8, with total wheat commitments at 20.392 MMT, which is 15% above last year. That is also 83% of USDA’s export projection and slightly behind the 85% average pace. Export shipments at 15.465 MMT are now 63% of the USDA estimate and ahead of the 59% average shipping pace.
A South Korean importer purchased 92,300 MT of US wheat in Thursday’s tender.
Mar 26 CBOT Wheat is at $5.19 1/4, up 8 3/4 cents,
May 26 CBOT Wheat is at $5.30 1/4, up 8 3/4 cents,
Mar 26 KCBT Wheat is at $5.28, up 10 3/4 cents,
May 26 KCBT Wheat is at $5.39 1/4, up 10 1/2 cents,
Mar 26 MIAX Wheat is at $5.69, up 6 1/2 cents,
May 26 MIAX Wheat is at $5.80 1/2, up 6 1/2 cents,
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