Wheat Weakens on Friday
The wheat complex is mostly lower on Friday, with spring wheat holding steady. CBT soft red wheat futures are trading with 1 to 2 cent losses at midday. KC HRW futures are down 4 to 5 cents across most contracts on Friday. MPLS spring wheat is steady at the midday part of the Friday session.
USDA’s Export Sales total from Thursday shows the total wheat commitments at 11.566 MMT, which is the largest for the current week going back to 2013/14. That is also 49% of the USDA export projection, which would normally be near 45%.
The International Grains Council increased their outlook for the 2025/26 world wheat output by 3 MMT to 811 MMT. Consumption was increased by 2 MMT, as stocks were trimmed by 1 MMT to 264 MMT.
Sep 25 CBOT Wheat is at $5.05 1/2, down 1 1/2 cents,
Dec 25 CBOT Wheat is at $5.28, down 1 3/4 cents,
Sep 25 KCBT Wheat is at $4.98 1/2, down 4 3/4 cents,
Dec 25 KCBT Wheat is at $5.21 1/2, down 4 1/2 cents,
Sep 25 MGEX Wheat is at $5.69 1/4, unch,
Dec 25 MGEX Wheat is at $5.90, unch,
On the date of publication, Austin Schroeder did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. For more information please view the Barchart Disclosure Policy here.