The wheat complex posted mixed trade on Monday, with the soft wheat market the softest of the three exchanges. Chicago SRW futures were down 1/4 to 2 1/4 cents on the session, with Dec the lone exception, up ¾ cent. KC HRW contracts were up fractionally 4 ¼ cents across the board. MPLS spring wheat was up 3 ½ to 6 cents on the session.

The weekly Crop Progress report from NASS showed the US winter wheat crop at 87% planted, down from the 89% average pace. Emergence was at 66% complete, 5% back of the average. Condition ratings were up 4% in the gd/ex categories at 41%, as the Brugler500 index was up 3 points to 316.

Export Inspections data showed just 193,523 MT (7.1 mbu) of wheat shipped in the week of 10/31. That was down 34.33% from last week, but up 69.28% above the same week last year. Marketing year shipments have totaled 9.75 MMT (358.29 mbu), which is up 34.74 MMT from the same time period last year.

Widespread heavy precip totals fell over the weekend in parts of the Southern Plains, from the TX panhandle through eastern KS, MO and parts of IA/WI.

Egypt’s GASC issued a tender for wheat over the weekend, with no US offers and results expected soon.

Dec 24 CBOT Wheat  closed at $5.68 3/4, up 3/4 cent,

Mar 25 CBOT Wheat  closed at $5.87 1/2, down 1/4 cent,

Dec 24 KCBT Wheat  closed at $5.71, up 4 1/4 cents,

Mar 25 KCBT Wheat  closed at $5.83 3/4, up 3 1/2 cents,

Dec 24 MGEX Wheat  closed at $6.05, up 5 1/4 cents,

Mar 25 MGEX Wheat  closed at $6.27 1/4, up 4 cents,