Wheat Trading with Modest Thursday AM Gains

Wheat is extending some slight positive factors to Thursday morning commerce. The wheat advanced was in rally mode on Wednesday, with all three exchanges closing greater. Chicago SRW futures had been 6 to eight cents greater on the session. Preliminary open curiosity was up 3,596 contracts on Wednesday. KC HRW futures posted 10 cent entrance month positive factors on Wednesday. Open curiosity was up 1,747 contracts. MPLS spring wheat was up 3 to 4 cents on Wednesday.

Export gross sales knowledge for the week of January 1 will likely be launched on Thursday morning, as analysts are in search of 200,000 to 500,000 MT for 2025/26 wheat gross sales. Bookings for 2026/27 are seen 0-100,000 MT.

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USDA will launched their Winter wheat Seedings report on Monday, with analysts surveyed by Bloomberg in search of all winter wheat acreage at 32.4 million acres. HRW is seen at 23 million acres, with 5.9 million estimated for SRW and three.5 million acres for white wheat. 

China’s Vice Premier said in a single day that the winter wheat crop space stays regular although planting circumstances in some areas are weak.

Mar 26 CBOT Wheat  closed at $5.18, up 7 1/2 cents, at present up 1 ¾ cents

Could 26 CBOT Wheat  closed at $5.28, up 6 3/4 cents, at present up 2 cents

Mar 26 KCBT Wheat  closed at $5.31 1/2, up 10 cents, at present up ¾ cent

Could 26 KCBT Wheat  closed at $5.43 1/4, up 10 cents, at present up ½ cent

Mar 26 MIAX Wheat  closed at $5.71 1/2, up 3 1/4 cents, at present up ¾ cent

Could 26 MIAX Wheat  closed at $5.81, up 3 1/4 cents, at present up 1 cent

On the date of publication,

Austin Schroeder

didn’t have (both instantly or not directly) positions in any of the securities talked about on this article. All info and knowledge on this article is solely for informational functions.

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