Market Performance - The wheat complex experienced downward pressure across all three markets, with Chicago SRW futures down 12 to 13 1/2 cents, and May futures falling 18 ½ cents [1] - KC HRW futures closed down 21 to 21 1/2 cents, with May futures down 23 ¾ cents for the week [1] - MPLS spring wheat saw declines of 10 ¾ to 15 3/4 cents in the front months, with May slipping back 17 ½ cents from the previous Friday [1] CFTC Data - CFTC data indicated a reduction of 9,643 contracts from the CBT wheat spec net short position, bringing the net short to 12,702 contracts as of Tuesday [2] - In KC wheat futures and options, managed money increased their net long position by 1,301 contracts, totaling 10,729 contracts [2] Export Commitments - USDA's Export Sales data reported wheat export commitments at 23.853 million metric tons (MMT), reflecting a 14% increase from the previous year [3] - This figure represents 97% of the USDA's export projection of 900 million bushels (mbu) and is slightly behind the 99% average sales pace [3] - Shipment data is ahead of schedule at 19.279 MMT, which is 78% of USDA's forecast compared to the 76% average pace [3] Closing Prices - On May 26, CBOT Wheat closed at $5.95 1/4, down 12 3/4 cents; July 26 CBOT Wheat closed at $6.07 1/4, down 12 1/4 cents [4] - May 26 KCBT Wheat closed at $6.06 1/4, down 21 cents; July 26 KCBT Wheat closed at $6.21 1/4, down 21 cents [4] - May 26 MIAX Wheat closed at $6.28, down 15 3/4 cents; July 26 MIAX Wheat closed at $6.42 3/4, down 15 3/4 cents [4]

Market Overview - The wheat complex is experiencing losses, with Chicago SRW futures down by 11 to 12 cents, KC HRW futures down by 8 to 9 cents, and MPLS spring wheat down by 7 to 9 cents [1] Export Data - Export inspections data indicated that 343,022 MT (12.6 million bushels) of wheat were shipped in the week ending March 2, representing a decrease of 31.2% from the previous week and 30.81% from the same week last year [2] - Mexico was the leading destination for wheat exports, receiving 79,566 MT, followed by the Philippines with 62,647 MT and Bangladesh with 56,699 MT [2] - Total marketing year shipments have reached 19.47 MMT (715.4 million bushels), which is an increase of 18.67% year-over-year [2] Commitment of Traders Data - Managed money reduced their net short position in CBT wheat futures and options by 3,455 contracts, bringing the total to 22,345 contracts as of Tuesday [3] - In KC wheat futures and options, speculators were net long 9,425 contracts, an increase of 7,559 contracts week-over-week [3] - In MPLS spring wheat, spec funds increased their long positions by 12,027 contracts, resulting in a net long of 15,990 contracts [3] Current Wheat Prices - As of the latest data, May 26 CBOT Wheat is priced at $6.02 1/4, down 11 1/2 cents; July 26 CBOT Wheat is at $6.13, down 11 1/2 cents; May 26 KCBT Wheat is at $6.21 1/2, down 8 1/2 cents; July 26 KCBT Wheat is at $6.35 1/4, down 8 1/2 cents; May 26 MIAX Wheat is at $6.37 1/4, down 8 1/4 cents; July 26 MIAX Wheat is at $6.52, down 7 1/4 cents [3]

Market Overview - The wheat complex is experiencing losses at the start of the week, with Chicago SRW futures down by 5 to 7 cents, KC HRW futures down by 7 to 9 cents, and MPLS spring wheat down by 3 to 4 cents [1] Export Data - The Export Inspections report indicated that 351,001 MT (12.9 million bushels) of wheat were shipped in the week of January 22, which is 11.76% lower than the previous week and 27.56% lower than the same week last year. South Korea was the largest destination, receiving 119,036 MT, followed by Japan with 73,230 MT and Mexico with 63,773 MT. The total for the marketing year now stands at 16.33 MMT (600.05 million bushels), which is 18.21% higher than the same period last year [2] Sales Commitments - USDA Export Sales data reported 21.03 MMT of wheat commitments by January 15, which is 18% above last year and represents 86% of the USDA's projected sales, close to the average sales pace of 87% [3] Trader Positions - Commitment of Traders data revealed that managed money increased their net short position by 4,471 contracts as of January 20, bringing the total net short position for CBT wheat to 110,700 contracts. In KC wheat, speculators were net short by 13,018 contracts, with a slight increase of 237 contracts for the week [4] Current Prices - As of the publication date, the following wheat futures prices were noted: - Mar 26 CBOT Wheat at $5.22 1/2, down 7 cents - May 26 CBOT Wheat at $5.33 1/4, down 5 3/4 cents - Mar 26 KCBT Wheat at $5.32, down 8 3/4 cents - May 26 KCBT Wheat at $5.42 3/4, down 7 3/4 cents - Mar 26 MIAX Wheat at $5.71 3/4, down 3 1/4 cents - May 26 MIAX Wheat at $5.83 1/2, down 3 1/4 cents [4]