Wheat Eases Lower into the Holiday

The wheat advanced posted losses throughout most contracts on Thursday.  Chicago SRW wheat fell 7 to 9 cents on to spherical out the week on Thursday, with September rallying 16 cents on the quick week.  KC HRW contracts closed Thursday with losses of 4 to 7 cents, as September was up simply 2 ¼ cents on the week. MPLS spring wheat slipped again on Thursday, down 1 to 2 cents, with September up 19 ¼ cents this week. The markets might be closed on Friday for Independence Day, with the open set for Sunday night time. 

USDA launched their weekly Export Gross sales report this morning, with 2025/26 wheat gross sales totaling 585,989 MT within the week ending on June 26. That was on the excessive aspect of a Reuters survey of merchants on the lookout for between 200,000 and 600,000 MT. That was a MY excessive and greater than double the earlier week. The Philippines was the most important purchaser of 162,000 MT, with 60,000 MT offered to Thailand. 

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Census information was launched this morning, displaying 2.16 MMT (79.4 mbu) of wheat exported in Might. That was a 4-year excessive. The complete yr wheat export determine was 810 mbu, or 829 mbu together with the merchandise vs. USDA’s estimate of 820 in June.

Jul 25 CBOT Wheat  closed at $5.47 3/4, down 8 1/4 cents,

Sep 25 CBOT Wheat  closed at $5.56 3/4, down 7 1/4 cents,

Jul 25 KCBT Wheat  closed at $5.18, down 4 3/4 cents,

Sep 25 KCBT Wheat  closed at $5.36, down 6 1/4 cents,

Jul 25 MGEX Wheat  closed at $6.30, down 1 3/4 cents,

Sep 25 MGEX Wheat  closed at $6.47 1/4, down 1 3/4 cent,

On the date of publication,

Austin Schroeder

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

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