Wheat Extends Gains to Tuesday
Wheat futures closed higher across Chicago, Kansas City, and Minneapolis, with gains of 1–6 cents. Crop Progress data was delayed due to the U.S. government shutdown, though markets expect winter wheat planting near 84%. Limited precipitation is forecast for the Plains. EU soft wheat exports remain behind last year’s pace.
The wheat complex closed higher across the three exchanges on Tuesday. CBT soft red wheat posted 3 to 5 1/2 cent gains on the session. KC HRW futures were 5 1/2 to 6 1/4 cents in the green on Tuesday. MPLS spring wheat futures saw 1 1/2 to 2 1/2 cent gains at the close.
The weekly Crop Progress report was not reported this week due to the continued government shutdown, with the trade looking for 84% of the winter wheat crop planted as of 10/26.
Precip over the next week will be limited in the Plain, with the parts of SRW area getting some rainfall of 1-2 inches.
European Commission data estimates the 2025/26 soft wheat exports at 6.25 MMT from July 1 to October 26. That lags behind the 7.92 MMT in the same period last year.
Dec 25 CBOT Wheat closed at $5.29, up 3 cents,
Mar 26 CBOT Wheat closed at $5.45 3/4, up 3 3/4 cents,
Dec 25 KCBT Wheat closed at $5.20, up 5 3/4 cents,
Mar 26 KCBT Wheat closed at $5.38, up 6 cents,
Dec 25 MGEX Wheat closed at $5.62 3/4, up 1 1/2 cents,
Mar 26 MGEX Wheat closed at $5.82 3/4, up 2 1/2 cents.
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Source : BarChart
