The wheat market is posting double digit losses on Friday’s midday. Chicago SRW futures are down 16 to 17 cents across nearbys on the day. KC HRW contracts are down 13 to 14 cents on the session. MPLS spring wheat futures are posting 10 to 12 cent losses on the day.
The weekly Export Sales report was published this morning, with USDA coming in at a MY low of 140,591 MT in 2024/25 wheat sales during the Christmas week of 12/26. That was below estimates of between 200,000 and 500,000 MT. South Korea was the largest buyer of 35,900 MT, as Thailand bought 29,700 MT.
Taiwan is tendering for a total of 114,650 MT of wheat from the US, with the offers due next Thursday.
Mar 25 CBOT Wheat is at $5.28 3/4, down 17 cents,
May 25 CBOT Wheat is at $5.41, down 16 1/2 cents,
Mar 25 KCBT Wheat is at $5.38 1/2, down 13 1/4 cents,
May 25 KCBT Wheat is at $5.47 1/2, down 13 1/4 cents,
Mar 25 MGEX Wheat is at $5.78 1/4, down 11 1/4 cents,
May 25 MGEX Wheat is at $5.87 1/4, down 10 3/4 cents,
On the date of publication,
Austin Schroeder
did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. For more information please view the Barchart Disclosure Policy
here.
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