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Yahoo
6 days ago
- Business
- Yahoo
Wheat Sees a Bounce in KC on Wednesday
Wheat is showing very marginally mixed trade early on Wednesday. The wheat complex saw mixed action across the three exchanges on Wednesday, with spring wheat the weakest. Strength was led by the KC market, up 6 to 7 cents. CBT futures were fractionally higher across most contracts on Wednesday. MPLS spring wheat was showing steady to 1 ½ cents lower. Analysts are expecting to see between 350,000 and 600,000 MT of wheat sold in the week ending on July 31 in Thursday's Export Sales report. More News from Barchart Arabica Coffee Prices Sharply Higher on Brazil Coffee Crop Concerns Arabica Coffee Supported by Dry Conditions in Brazil The Bullish Cattle Stampede Rumbles On. Here's What to Watch Next After Record Cattle Highs. Tired of missing midday reversals? The FREE Barchart Brief newsletter keeps you in the know. Sign up now! Another South Korean importer purchased 60,000 MT of wheat in a private deal overnight. Sep 25 CBOT Wheat closed at $5.08 1/2, up 1/4 cent, Dec 25 CBOT Wheat closed at $5.29 1/4, up 3/4 cent, Sep 25 KCBT Wheat closed at $5.11 1/2, up 7 cents, Dec 25 KCBT Wheat closed at $5.32, up 6 3/4 cents, Sep 25 MGEX Wheat closed at $5.69 3/4, down 1 1/2 cents, Dec 25 MGEX Wheat closed at $5.92 1/4, down 1/4 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. This article was originally published on
Yahoo
28-07-2025
- Business
- Yahoo
Wheat Weakness Extending to New Week
Wheat futures are trending lower across the three markets on Monday morning. The complex held onto the weakness on Friday, with all three exchanges in the red. Chicago SRW futures were 2 to 3 1/4 cents lower on the day but pulled off the lows, as September was 8 cents lower last week. KC contracts were down 2 to 3 cents on Friday, with the weekly losses limited to 2 ½ cents for September. MPLS spring wheat posted just fractional losses, but managed a 10 ¾ cent loss since last Friday. Friday afternoon's Commitment of Traders report showed a total of 8,446 contracts trimmed from the spec fund net short position in CBT wheat futures and options as of July 22 to 52,041 contracts. In KC wheat, managed money was net short 43,959 contracts, a reduction of 4,043 contracts on the week. More News from Barchart Does the 2025 Corn Crop Have a Pollination Problem? Our exclusive Barchart Brief newsletter is your FREE midday guide to what's moving stocks, sectors, and investor sentiment - delivered right when you need the info most. Subscribe today! USDA's Export Sales data tallied 8.984 MMT of wheat sold so far for this marketing year. That is 39% of the USDA estimate and above the average sales pace of 37%. A South Korean importer purchased a total of 85,200 MT of wheat from the US on Friday morning. FranceAgriMer estimates the soft wheat harvest at 86% complete, up from 71% last week. Sep 25 CBOT Wheat closed at $5.38 1/4, down 3 1/4 cents, currently down 4 1/4 cents Dec 25 CBOT Wheat closed at $5.58 1/4, down 3 cents, currently down 4 3/4 cents Sep 25 KCBT Wheat closed at $5.26 1/2, down 2 cents, currently down 2 3/4 cents Dec 25 KCBT Wheat closed at $5.47 3/4, down 2 cents, currently down 3 cents Sep 25 MGEX Wheat closed at $5.85 3/4, down 3/4 cent, currently down 1 cent Dec 25 MGEX Wheat closed at $6.06, down 3/4 cent, currently down 1/2 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. This article was originally published on Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
