Wheat Popping Higher on Thursday
The wheat market is trading with gains on Thursday’s midday across all three markets. Chicago SRW futures are up 8 to 9 cents on the session. KC HRW contracts are 9 to 10 cents lower across the nearby contracts. MPLS spring wheat futures are 6 to 7 cents in the green on midday.
Algeria purchased 1.17 MMT of wheat in a tender on Tuesday, revised up from the initially reported 630,000 MT. Russia’s IKAR estimates the country’s wheat exports for 2025/26 to fall to 41 MMT, with expectations of the county’s market share to drop from 25% to 20%.
Mar 25 CBOT Wheat is at $5.43 1/2, up 8 3/4 cents,
May 25 CBOT Wheat is at $5.54, up 8 3/4 cents,
Mar 25 KCBT Wheat is at $5.53 3/4, up 10 cents,
May 25 KCBT Wheat is at $5.61 1/4, up 9 1/2 cents,
Mar 25 MGEX Wheat is at $5.96, up 6 1/2 cents,
May 25 MGEX Wheat is at $6.03 3/4, up 6 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.