Hard Red Wheat Mar '25 (KEH25)
Hard Red Wheat Futures Market News and Commentary
The wheat complex was under pressure with the rest of the grains on Thursday, as the Trump/Xi meeting yielded very few headlines for any potential ag purchases. Chicago SRW futures were down 11 3/4 to 18 cents in the front months. KC HRW futures were leading the charge, with 11 1/4 to 20 cent losses. MPLS spring wheat was 15 3/4 to 17 3/4 cents lower on Thursday. May expired today.Â
The Kansas Wheat Quality Tour was completed on Thursday, with an average yield of 38.9 bpa. That was the lowest average yield for the tour since 2023, and the second lowest since 2018. The production total was 218 mbu, which compares to the 214 mbu from USDA on Tuesday.
USDA’s Export Sales report from this morning showed 133,485 MT in old crop wheat sales. That was back up from last week and well above the same week last year. Indonesia was the buyer of 70,000 MT, with the Philippines buying 56,000 MT. Sales for new crop were seen at 221,143 MT. That was the second largest total for the marke... Read more
Barchart · Thu May 14, 5:24PM CDT
The wheat complex was under pressure with the rest of the grains on Thursday, as the Trump/Xi meeting yielded very few headlines for any potential ag purchases....
Barchart · Thu May 14, 5:24PM CDT
Corn futures were down 9 to 15 cents in the front months on Thursday, falling with the rest of the grain complex as very few details were announced out...
Barchart · Thu May 14, 5:24PM CDT
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WALSH PURE SPREADER - Pure Hedge Division
Swift Trading Company · Thu May 14, 2:28PM CDT
I anticipate feeder cattle to trade down to the lows made in mid-March per respective contract month.
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Barchart · Thu May 14, 5:24PM CDT
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