Wheat posted weakness in all three markets on Thursday, as the opposite is decreasing. Chicago SRW wheat was 7 to 8 cents less. The KC HRW contract was 5 to 6 cents in red color. MPLS spring wheat was 2 to 5 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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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 European Commission has estimated the production of EU wheat for 2025/26, which is an increase of 1.6 MMT from an increase of 1.6 MMT from last month’s estimate. The stock was below 0.71 mmt below 8.34 mmt.
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 Closed at $ 5.21, 7 1/4 cents,
25 September cbot wheat Closed at $ 5.36 3/4, 7 3/4 cents below,
July 25 KCBT Wheat Closed at $ 5.18 1/4, 6 cents below,
25 September KCBT Wheat Closed at $ 5.33 3/4, 5 1/2 cents below,
Jul 25 mgex wheat Closed at $ 6.06 3/4, 4 3/4 cents below,
September 25 Magex Wheat $ 6.25 1/2, closed at 2 1/2 cents, below,
On the date of publication,
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