Wheat Losses Holding at Tuesday’s Midday

The wheat complex is showing weakness on Tuesday across all three markets. Chicago SRW futures are facing losses of 6 to 7 cents, as March is down 12 cents. KC HRW futures are down 3 to 5 cents in the front months. MPLS spring wheat is 2 to 4 cents lower so far on the day. Tuesday morning’s Export Inspections report showed 375,402 MT (13.79 mbu) of wheat shipped in the week of 2/12. That was 35.34% below the week prior but 49.66% above the same week last year. Japan was the largest destination of 170,930 ...