Wheat News in English

Wheat Sees Modestly Mixed Trade on Wednesday

Wheat futures closed mixed on Wednesday. CBOT soft red wheat rose 3–4 cents, reversing Tuesday’s losses, while KC hard red wheat ended slightly lower. MGEX spring wheat fell 1–2 cents. Traders await Thursday’s USDA export sales report, expecting 300,000–700,000 MT in bookings. Algeria reportedly purchased up to 1 MMT of milling wheat, shipment due September–October.

Wheat posted mixed trade on Wednesday, with most contracts hard red contracts lower and soft red heading higher. Chicago SRW wheat was mostly 3 to 4 higher, vs. losses on Tuesday. KC HRW futures were fractionally to a penny lower across the front months. MPLS spring wheat futures were down 1 to 2 cents.

USDA will release their Export Sales report on Thursday, with traders looking for 2025/26 wheat bookings in a range of 300,000 to 700,000 MT.

Wire reports from Europe indicate that OAIC in Algeria purchased up to 1 MMT of milling wheat on Tuesday. Exact quantities and origins are not announced, but shipment is for September and October. While France has historically been a supplier,  Bulgaria and the Black Sea have been capturing much of the recent business. A Taiwan wheat importer purchased a total of 89,650 MT of wheat from the US in their tender overnight. FranceAgriMer estimates soft wheat ending stocks for the French wheat crop at 3.87 MMT, which would be above the 2.33 MMT from last year.

Sep 25 CBOT Wheat  closed at $5.41 1/4, up 3 1/4 cents,

Dec 25 CBOT Wheat  closed at $5.61 3/4, up 3 cents,

Sep 25 KCBT Wheat  closed at $5.22 3/4, down 1 cent,

Dec 25 KCBT Wheat  closed at $5.45 1/4, down 3/4 cent,

Sep 25 MGEX Wheat  closed at $6.00 1/2, down 1 3/4 cents,

Dec 25 MGEX Wheat  closed at $6.20, down 1 1/4 cents .

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Source : BarChart

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