Wheat Turns Higher into Wednesday’s Close
Global palm oil exports hit a record 14.8 million tonnes in June–August 2025, up 1.7 million tonnes year-on-year. Indonesia led with 8.9 million tonnes, while Malaysia shipped 3.9 million tonnes. Key importers included India, China, the EU, Pakistan, and African nations, driven by competitive prices and rising demand.
The wheat complex bounced from the mixed midday action to close with front months in the green across the three exchanges. CBT soft red wheat futures were steady to fractionally higher in the nearbys on Wednesday. KC HRW futures posted 1 to 2 cent higher trade at the midweek close. MPLS spring wheat futures were up 3 to 4 cents on the day.
The suspended Export Sales report was expected to show wheat sales in the range of 350,000 to 600,000 MT for the week ending on October 2. The data will be released at some point in the futures, though the shutdown is preventing that.
SovEcon estimates Ukraine wheat crop at 22.9 MMT, up 1.5 MMT above their pervious number. The Rosario Grains Exchange estimates the Argentina wheat crop for 2025/26 at 23 MMT, vs. the 20 MMT previous estimate.
Dec 25 CBOT Wheat closed at $5.07 1/4, up 1/2 cent,
Mar 26 CBOT Wheat closed at $5.25 1/4, up 1/2 cent,
Dec 25 KCBT Wheat closed at $4.93 1/4, up 1 1/4 cents,
Mar 26 KCBT Wheat closed at $5.15, up 1 1/2 cents,
Dec 25 MGEX Wheat closed at $5.56 1/2, up 3 1/2 cents,
Mar 26 MGEX Wheat closed at $5.75 1/4, up 3 3/4 cents.
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Source : Nasdaq.com
