Wheat Closes Mixed on Thursday, as USDA Trims Output

The wheat complex posted marginally mixed trade on Thursday, with the hard red contracts higher. Chicago SRW was the weak spot, with fractional to 4 cent Thursday losses. KC HRW futures led the way higher, up 3/4 to 4 cents in the front months. MPLS spring wheat contracts were up 1 1/2 to 3 3/4 cents at the close. FAS released their weekly Export Sales data this morning, with old crop sales of 95,094 MT for the last 4 day of the 2025/26 marketing year. There were 298,570 MT in unshipped sales carried over from that marketing year. New crop…