The wheat market experienced mixed trading on Wednesday, with Chicago Soft Red Winter (SRW) futures closing down by 4 to 11 cents. Kansas City Hard Red Winter (HRW) futures saw losses of 2 ¾ to 5 ¾ cents for front months, while Minneapolis Spring Wheat (MPLS) rose by 1 to 4 cents. As of July 26, CBOT July wheat closed at $6.35 1/2, down 10 3/4 cents.
The USDA’s Federal Grain Inspection Service reported wheat export shipments of 368,455 metric tons (13.54 million bushels) for the week ending May 21, marking a 55.89% increase from the previous week but a 34.55% decrease from the same week last year. Japan was the top importer with 73,894 metric tons, followed by Mexico with 68,058 metric tons and the Dominican Republic with 59,059 metric tons. Additionally, the US spring wheat crop is 89% planted, ahead of the 5-year average of 79%.
A South Korean flour mill has tendered for 100,000 metric tons of wheat from the US and Canada, with responses due on Wednesday. Meanwhile, EU wheat output for the 2026/27 season is projected at 126.9 million metric tons.
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