The wheat complex closed the Thursday session with mixed trade, as SRW contracts were the strongest and spring wheat the weakest. Chicago SRW futures were up 2 1/4 to 3 3/4 cents on the day. KC HRW futures were steady in the front months to a couple pennies lower in the deferreds. MPLS spring wheat was down 1 ¼ to 3 1/2 cents in the front months on Thursday.
The next 7 days look on the drier side for much of the Southern Plains, with the eastern half of the country and SRW area looking wetter.
Weekly Export Sales data from this morning showed a total of 455,439 MT of wheat sold in the week ending on March 5. That was the largest in 4 weeks, and more than double the previous week. Mexico was the top buyer of 238,600 MT, with 68,900 MT sold to China, and 66,700 MT to Japan. New crop sales were 40,350 MT.
Monthly wheat exports in January were 1.529 MMT (59.2 mbu), which was a 3-year high for January.
Expana trimmed their export forecast for EU soft wheat by 0.5 MMT to 27.1 MMT. Production for 2026/27 was up 0.3 MMT to 128.6 MMT.
Mar 26 CBOT Wheat closed at $5.92 1/4, up 3 3/4 cents,
May 26 CBOT Wheat closed at $5.98 1/2, up 3 3/4 cents,
Mar 26 KCBT Wheat closed at $6.01 1/2, unch,
May 26 KCBT Wheat closed at $6.13 1/2, unch,
Mar 26 MIAX Wheat closed at $6.22 3/4, down 3 1/2 cents,
May 26 MIAX Wheat closed at $6.35 1/2, down 3 1/2 cents,
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.
More news from Barchart
