On Friday, the wheat complex reported midday losses, with Chicago SRW futures dropping 3 to 4.5 cents, KC HRW futures falling 0 to 2 cents, and MPLS spring wheat fractionally lower. Key data indicates that wheat export commitments are at 19.855 million metric tons (MMT), 22% ahead of last year and 81% of the USDA’s full marketing year projection.
Weather forecasts for the next week predict light precipitation in parts of the Plains, with heavier totals expected in some SRW regions. This market movement comes ahead of a meeting on Sunday between President Trump and Ukrainian President Zelensky to discuss peace talks.
