Wheat Closses Mostly Lower on Monday
Wheat markets were mostly lower Monday. Chicago SRW and KC HRW futures fell slightly, Minneapolis spring wheat mixed. U.S. export inspections totaled 384,881 MT, down 20% week-on-week. Russia’s 2025/26 crop at 86.5 MMT, Australia up 4% to 35.6 MMT.
The wheat complex was mostly lower on Monday.. Chicago SRW futures were fractionally to 4 cents in the red on Monday. KC HRW futures were fractionally lower in the nearbys. MPLS spring wheat was mixed, as December was up ¾ and other contracts were down 2 to 3 cents. There were no deliveries issued against December CBT wheat Friday night, with another 2 against December KC wheat.
National Crop Progress data is done for the year, but some individual states are still putting reports out. Kansas winter wheat ratings were up 4% to 66% gd/ex, with the Brugler500 index up 2 points to 366
Export Inspections data showed wheat at just 384,881 MT (14.14 mbu) shipped in the week that ended on November 27. That was a drop of 19.89% from the week prior and up 28.89% from same week last year. Vietnam was the top destination of 58,864 MT, with 51,792 MT to Mexico. Marketing year shipments have totaled just 13.228 MMT (486 mbu), a 19.95% increase yr/yr.
Delayed Export Sales data for the week of October 23 was released this morning, with a total of 499,778 MT of wheat sold. That was in the middle of estimates between 350,000 and 650,000 MT of wheat sales. That was also up 46.43% from last week and 21.48% above the same week last year.
Russia’s wheat crop for 2025/26 is estimated at 86.5 MMT according to Argus, a 1.9 MMT drop from their prior number. ABARES estimates the 2025/26 Australian wheat crop at 35.6 MMT, a 4% hike from 2024/25.
Dec 25 CBOT Wheat closed at $5.30 1/4, down 3/4 cent,
Mar 26 CBOT Wheat closed at $5.35, down 3 1/2 cents,
Dec 25 KCBT Wheat closed at $5.17, down 3/4 cent,
Mar 26 KCBT Wheat closed at $5.26 3/4, down 3/4 cent,
Dec 25 MGEX Wheat closed at $5.80, up 3/4 cent,
Mar 26 MGEX Wheat closed at $5.76, down 2 cents .
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Source : BarChart
