Wheat is trading with mixed action, as winter wheats are stronger. The wheat complex saw mixed Monday action, with winter wheats lower and spring wheat steady. Chicago SRW futures were 5 to 6 cents lower on Monday. Open interest was up 4,721 contracts on Monday. KC HRW futures saw 5 to 7 cent losses at the close. OI slipped 1,176 contracts. MPLS spring wheat posted firmer trade, with contracts steady to a penny higher.
USDA tallied wheat export shipments at 302,096 MT (11.1 mbu) during the week ending on December 25. That was 52.47% below the week prior and 11.12% shy of the same week in 2024. Bangladesh was the top destination of 115,946 MT, with 68,589 MT headed to Thailand and 44,311 MT to the Dominican Republic. Marketing year exports for 2025/26 are 15.06 MMT (553.5 mbu) since June 1, which is now 22.02% larger vs. the same period last year.
SovEcon estimates the Russian wheat exports for 2025/26 at 44.6 MMT, a 0.4 MMT increase from their prior number.
Mar 26 CBOT Wheat closed at $5.13, down 6 cents, currently up 1 3/4 cents
May 26 CBOT Wheat closed at $5.24 3/4, down 6 cents, currently up 1 1/4 cents
Mar 26 KCBT Wheat closed at $5.27 1/4, down 6 1/4 cents, currently up 1/4 cent
May 26 KCBT Wheat closed at $5.40 1/4, down 5 3/4 cents, currently unch
Mar 26 MIAX Wheat closed at $5.79 1/4, unch, currently down 1 ¼ cents
May 26 MIAX Wheat closed at $5.90 3/4, up 1/4 cent, currently down 1 cent
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.
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