Wheat is trading with contracts higher across the three markets to kick off the last couple days of the year. The wheat market posted gains across the three markets on Friday. Chicago SRW futures were up 3 ¾ to 5 1/2 cents on the session, as March was 13 ½ cents higher on the week. KC HRW contracts closed posted 3 to 3 1/2 cent gains across the board, as March managed a 9 ¾ cent gain last week. MPLS spring wheat futures were steady to 1 1/4 cents in the green on the day, with March 3 ¾ cents higher.
Precip outlook in the next week for the southern Plains is limited.
The delayed Export Sales report indicated a total of 612,408 MT in wheat sales during the week of 12/19, exceeding the trade estimates of 250,000 to 600,000 MT. That was the largest sales total in 25 weeks and 33.73% larger than the previous week. Mexico was the buyer of 132,400 MT, with Thailand in for 126,100 MT and 120,100 MT sold to Japan. Another 12,600 MT in sales were reported for 2025/26.
Mar 25 CBOT Wheat closed at $5.46 1/2, up 5 1/2 cents, currently up 5 3/4 cents
May 25 CBOT Wheat closed at $5.56 3/4, up 4 3/4 cents, currently up 6 1/4 cents
Mar 25 KCBT Wheat closed at $5.54 1/2, up 3 cents, currently up 5 1/4 cents
May 25 KCBT Wheat closed at $5.62 3/4, up 3 1/4 cents, currently up 5 1/4 cents
Mar 25 MGEX Wheat closed at $5.95 1/4, up 1 1/4 cents, currently up 2 1/2 cents
May 25 MGEX Wheat closed at $6.03 1/4, up 1 cent, currently up 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.
/AI%20(artificial%20intelligence)/Hands%20of%20robot%20and%20human%20touching%20on%20big%20data%20network%20connection%20by%20PopTika%20via%20Shutterstock.jpg)
/Meta%20by%20creativeneko%20via%20Shutterstock.jpg)
/Cybersecurity%20by%20AIBooth%20via%20Shutterstock.jpg)