Wheat is trading with contracts lower across the three exchanges. The wheat market pushed higher across the three markets on Thursday. Chicago SRW futures were up 4 ¾ to 7 cents on the session. KC HRW contracts closed with 7 to 8 cent gains across the board. MPLS spring wheat futures were 3 ½ to 4 3/4 cents in the green on the day.
Ahead of the delayed Export Sales report, the trade is looking for 250,000 to 600,000 MT in all wheat sales for the week that ended on December 19.
Algeria purchased 1.17 MMT of wheat in a tender on Tuesday, revised up from the initially reported 630,000 MT. Russia’s IKAR estimates the country’s wheat exports for 2025/26 to fall to 41 MMT, with expectations of the county’s market share to drop from 25% to 20%.
Mar 25 CBOT Wheat closed at $5.41, up 6 1/4 cents, currently down 1 cent
May 25 CBOT Wheat closed at $5.52, up 6 3/4 cents, currently down 1 cent
Mar 25 KCBT Wheat closed at $5.51 1/2, up 7 3/4 cents, currently down 2 cents
May 25 KCBT Wheat closed at $5.59 1/2, up 7 3/4 cents, currently down 2 1/4 cents
Mar 25 MGEX Wheat closed at $5.94, up 4 1/2 cents, currently down 1 3/4 cents
May 25 MGEX Wheat closed at $6.02 1/4, up 4 1/2 cents, currently down 3 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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