Wheat Posting Mixed Action
Wheat markets are mixed at midday, with KC and CBOT winter wheat slightly lower, while MGEX spring wheat posts modest gains. USDA reports 2025/26 exports at 10.309 MMT, the highest since 2017/18. French and Russian crop estimates rose, while US production is expected slightly lower in Tuesday’s report.
The wheat complex is mixed at midday, with the winter wheats slipping bck and soring wheat posting gains. KC HRW futures are slipping back by2 to 3 ¼ cents at midday. CBT futures are trading with contracts down 1 to 2 cents. MPLS spring wheat is trading with 4 to 5 cent gains at midday.
USDA has the 2025/26 wheat export book at 10.309 MMT in shipped and unshipped sales, which is the highest since 2017/18 for this specific week. That is 20% ahead of last year and 45% of the USDA forecast, which is ahead of the 41% average pace.
The French Farm Ministry estimates the French wheat crop at 33.1 MMT, 0.5 MMT increase from last month. IKAR estimates the Russian wheat crop at 84.5 MMT, up 0.5 MMT from the pervious projection.
Analysts estimate the US wheat production total to be tallied at 1.922 billion bushels in Tuesday’s Crop Production report, which would be down 7 mbu from last month.
Sep 25 CBOT Wheat is at $5.16 3/4, down 1 1/2 cents,
Dec 25 CBOT Wheat is at $5.37 1/4, down 1 3/4 cents,
Sep 25 KCBT Wheat is at $5.19 1/2, down 2 cents,
Dec 25 KCBT Wheat is at $5.38 1/2, down 3 1/4 cents,
Sep 25 MGEX Wheat is at $5.78 3/4, up 4 3/4 cents,
Dec 25 MGEX Wheat is at $5.99 1/4, up 4 1/4 cents.
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Source : Nasdaq.com
