Wheat Trading Lower on Monday

The wheat complex is trading with losses to start the week. Chicago SRW futures are trading with 5 to 7 cent Monday losses. KC HRW futures are 7 to 9 cents in the front months at midday. MPLS spring wheat is down 3 to 4 cents so far on the day. Monday morning’s Export Inspections report showed 351,001 MT (12.9 mbu) of wheat shipped in the week of 1/22. That was 11.76% below the week prior and 27.56% shy of the same week last year. South Korea was the largest destination of 119,036 MT, 73,230MT shipped to ...