The wheat market is posting losses on Friday’s midday, as weaker export sales day resumed in Friday’s report. Chicago SRW futures are down 11 to 12 cents in the nearbys at midday. KC HRW futures are down 14 to 15 cents in the front months, with MPLS spring wheat 10 to 11 cents lower. 

Export Sales data was released this morning, showing just 164,837 MT in wheat sales during the week of 1/16. That was below the trade expectations, looking for 200,000 to 600,000 MT, and less than a third of the previous week. Mexico was the buyer of 57,500 NT with 49,200 MT sold to Japan. Sales for 2025/26 were above the expected 0-50,000 MT at 50,500 MT. The Philippines was the buyer of 33,000 with 14,000 MT sold to Japan.

Mar 25 CBOT Wheat  is at $5.42 1/4, down 11 3/4 cents,

May 25 CBOT Wheat  is at $5.57, down 10 3/4 cents,

Mar 25 KCBT Wheat  is at $5.56 1/2, down 14 1/4 cents,

May 25 KCBT Wheat  is at $5.66 1/2, down 14 1/4 cents,

Mar 25 MGEX Wheat  is at $5.93 3/4, down 10 3/4 cents,

May 25 MGEX Wheat  is at $6.04 1/2, down 10 1/2 cents,