The wheat complex was in rally mode on Wednesday, with all three exchanges closing higher. Chicago SRW futures were 6 to 8 cents higher on the session. KC HRW futures posted 10 cent front month gains on Wednesday. MPLS spring wheat was up 3 to 4 cents on Wednesday.
Export sales data for the week of January 1 will be released on Thursday morning, as analysts are looking for 200,000 to 500,000 MT for 2025/26 wheat sales. Bookings for 2026/27 are seen 0-100,000 MT.
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USDA will released their Winter wheat Seedings report on Monday, with analysts surveyed by Bloomberg looking for all winter wheat acreage at 32.4 million acres. HRW is seen at 23 million acres, with 5.9 million estimated for SRW and 3.5 million acres for white wheat.
China’s Vice Premier stated overnight that the winter wheat crop area remains steady though planting conditions in some areas are weak.
Mar 26 CBOT Wheat closed at $5.18, up 7 1/2 cents,
May 26 CBOT Wheat closed at $5.28, up 6 3/4 cents,
Mar 26 KCBT Wheat closed at $5.31 1/2, up 10 cents,
May 26 KCBT Wheat closed at $5.43 1/4, up 10 cents,
Mar 26 MIAX Wheat closed at $5.71 1/2, up 3 1/4 cents,
May 26 MIAX Wheat closed at $5.81, up 3 1/4 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.
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