Wheat is posting a continuous low trade in three exchanges on Thursday afternoon. Chicago SRW wheat is 5 to 7 cents less a day. KC HRW contracts are trading with 5 to 7 percent losses. MPLS Spring Wheat is 6 to 8 cents below.
The USDA’s export sales report featured 255,208 Mounts of wheat sold in the week of June 19, falling less than analysts, estimating 300,000 to 600,000 mounts. It was 40.26% from last week and 61.75% below the same week last year. The largest buyer Japan was on 93,600 Mount, with 83,200 tonnes of Mexico.
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The USDA will release its quarterly grain stock report on Monday, also the final stock for the 2024/25 wheat marketing year. Analysts estimate that a total of 836 MBUs of wheat are estimated on the hand on 1 June, with a series of estimates ranging from 805 to 852 MBUs.
According to Ikar, Russia’s wheat crop is a total of 84.53 MMT in this growing season, which was 0.7 MMT from the previous estimate. A South Korean mill tendered 50,000 MT for US wheat overnight.
The production of world wheat was extended by the International Grain Council from 2 MMT to 808 MMT, consuming 1 MMT. The last stock for 2025/26 ranged from 2 mmt to 264 mmt.
Jul 25 cbot wheat $ 5.22 1/2, below is 5 3/4 cents,
25 September cbot wheat $ 5.37 3/4, 6 is 3/4 cents below,
July 25 KCBT Wheat $ 5.17 1/2, below 6 3/4 cents,
25 September KCBT Wheat $ 5.33 1/2, below is 5 3/4 cents,
Jul 25 mgex wheat $ 6.03 3/4, 7 3/4 cents below,
September 25 Magex Wheat $ 6.22, 6 cents below,
On the date of publication,
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