Wheat Mini Jul '25 (XWN25)

The wheat complex is trading with gains across the three markets on Friday. Chicago SRW futures were up 5 3/4 to 7 3/4 cents higher to round out the week, with July down 18 ¾ cents from last Friday. KC HRW futures were 7 3/4 to 11 1/4 cents in the green on Friday, as July fell 18 ¾ cents on the week. MPLS spring wheat posted 4 ¾ to 7 ¼ cent gains at the close, with July falling 25 ½ cents this week. 

CFTC data showed managed money flipping back to a net short position of 9,903 contracts in CBT wheat futures and options by a move of 20,567 contracts. In KC wheat futures and options, specs were adding another 7,245 contracts to their net long to 37,869 contracts.

USDA’s Export Sales report has the total commitments for old crop wheat sales at 24.94 MMT, which is 15% larger yr/yr. That is 102% of the USDA estimate and near the 103% average sales pace. Actual shipments are 22.056 MMT, 90% of the USDA number and 1 percentage point behind normal.

Tuesday will see the rel... Read more