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Wheat futures were mixed at midday, with Chicago SRW up about 2 cents and KC HRW slightly lower. Weekly wheat export inspections were 75,413 MT, the lowest for any week since records began in 1983.
Managed money added to its net short position in Chicago wheat.
Very weak export shipments and a larger speculative net short point to soft demand for US wheat, which keeps pressure on futures unless exports recover.
Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.