Wheat is showing fractional to 3 cent gains so far. The wheat complex closed the Wednesday session with contracts mostly higher across the three markets. Chicago SRW futures were 1 1/2 to 2 1/2 cents higher across the board. There were another 5 deliveries issued against December CBT wheat overnight. KC HRW contracts were up 1 ½ to cents on the day. MPLS spring wheat was steady to 3 1/4 cents higher to close the session.
The weekly Export Sales report is expected to show between 275,000 and 600,000 MT of 2024/25 wheat bookings in the week that ended on December 5. Another 0-50,000 MT is estimated for 2025/26 sales.
Japan purchased a total of 112,889 MT of wheat from Australia, Canada, and the US, with 58,986 MT US specific. Saudi Arabia has issued a tender to buy 595,000 MT of wheat, with offered due on Friday.
Dec 24 CBOT Wheat closed at $5.43 1/2, up 1 1/2 cents, currently unch
Mar 25 CBOT Wheat closed at $5.63 1/4, up 1 1/2 cents, currently up 2 1/2 cents
Dec 24 KCBT Wheat closed at $5.50 3/4, up 1 1/2 cents, currently unch
Mar 25 KCBT Wheat closed at $5.67 1/4, up 1 1/2 cents, currently up 1/2 cent
Dec 24 MGEX Wheat closed at $5.82 1/4, unch, currently unch
Mar 25 MGEX Wheat closed at $6.06 1/2, unch, currently up 3/4 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.
/Chipset%20held%20over%20rush%20hour%20traffic%20by%20Jae%20Young%20Ju%20via%20iStock.jpg)
/Super%20Micro%20Computer%20Inc%20logo%20on%20building-by%20Poetra_RH%20via%20Shutterstock.jpg)
