The wheat complex experienced mixed trading on May 26, 2023. Chicago SRW futures increased by 3¼ to 6½ cents, while KC HRW futures remained steady, with some deferred contracts rising up to 5 cents. In contrast, MPLS spring wheat declined by 2½ to 5 cents.
According to the Crop Progress report, as of late April, 32% of the US spring wheat crop was planted, trailing 3 percentage points behind the 5-year average of 35%. The winter wheat crop was ahead at 49% headed, exceeding the normal by 17 percentage points. The Brugler500 index decreased by 1 point to 286.
In soybean exports, the USDA’s FGIS reported shipments at 434,204 MT (15.95 million bushels) for the week ending April 30, marking a 17.43% increase from the previous week. Mexico was the leading destination with 146,499 MT, while total marketing year exports for 2025/26 stand at 22.29 MMT (819.2 million bushels), down 11.96% year-over-year.
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