The wheat market posted double digit losses across most contracts in the three exchanges on Friday. Chicago SRW futures closed with contracts down 11 1/4 to 16 1/2 cents on the day. March fell 17 ¼ cents this week. KC HRW contracts closed with 12 ½ to 13 1/2 cent losses on the session. March KC wheat was down 15 ½ cents on the week. MPLS spring wheat futures posted 10 to 11 3/4 cent losses on the day. March fell 17 ½ cents since last Friday.
The weekly Export Sales report was published this morning, with USDA coming in at a MY low of 140,591 MT in 2024/25 wheat sales during the Christmas week of 12/26. That was below estimates of between 200,000 and 500,000 MT. South Korea was the largest buyer of 35,900 MT, as Thailand bought 29,700 MT.
Taiwan is tendering for a total of 114,650 MT of wheat from the US, with the offers due next Thursday.
Mar 25 CBOT Wheat closed at $5.29 1/4, down 16 1/2 cents,
May 25 CBOT Wheat closed at $5.41, down 16 1/2 cents,
Mar 25 KCBT Wheat closed at $5.39, down 12 3/4 cents,
May 25 KCBT Wheat closed at $5.47 1/4, down 13 1/2 cents,
Mar 25 MGEX Wheat closed at $5.77 3/4, down 11 3/4 cents,
May 25 MGEX Wheat closed at $5.86 1/2, down 11 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 BarchartThe views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.