Wheat is trading with Wednesday midday gains of double digits. Chicago SRW futures are up 15 to 17 cents in the nearbys. KC HRW futures are 18 to 19 cents higher in the front months. MPLS spring wheat is 13 to 14 cents in the green.
Export Sales data will be released on Thursday morning, with traders looking for 150,000 to 500,000 MT on 2024/25 wheat sales during the week of 1/23, with 0 to 50,000 MT expected for 2025/26 sales.Â
Japan has issued a tender to buy 89,134 MT of wheat from the US and Canada, with 29,070 MT US specific. Â
Mar 25 CBOT Wheat  is at $5.61 1/2, up 16 1/4 cents,
May 25 CBOT Wheat  is at $5.74 1/2, up 15 3/4 cents,
Mar 25 KCBT Wheat  is at $5.79 1/4, up 18 1/4 cents,
May 25 KCBT Wheat  is at $5.89, up 18 1/4 cents,
Mar 25 MGEX Wheat  is at $6.11 1/4, up 13 1/2 cents,
May 25 MGEX Wheat  is at $6.21, up 13 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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