The wheat complicated was blended to principally decrease throughout most contracts on Monday. Chicago SRW futures have been down 1 to 2 cents. KC HRW futures noticed Monday losses of two to five cents. MPLS spring wheat was regular to 2 cents decrease.
State Crop Progress report confirmed Kansas winter wheat rankings up 4% to 70% gd/ex, with the Brugler500 index up 9 factors to 375.
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USDA tallied wheat export shipments at 393,341 MT (14.45 mbu) in the course of the week ending on December 4. That was 1.95% above the week prior and 58.6% bigger than the identical week in 2024. Mexico was the highest vacation spot of 75,789 MT, with 75,174 MT headed to Indonesia and 68,038 MT to Vietnam. Advertising and marketing 12 months exports for 2025/26 are actually 13.634 MMT (500.96 mbu) since June 1, which is now 20.91% bigger than the identical interval final 12 months.
Export Gross sales information for the week of November 6 was launched this morning, with a complete of 462,478 MT bought, in the midst of estimates of 250,000 to 600,000 MT. That was a 3-week low, however nonetheless 21.69% above the identical week final 12 months.
USDA will publish their month-to-month WASDE report on Tuesday, with analysts surveyed by Bloomberg searching for 894 mbu in wheat ending shares. That may be a 7 mbu drop from final 12 months if realized.
Argus estimates the 2026/27 Ukraine wheat crop at 23.9 MMT, up 0.9 MMT from the earlier crop.
Dec 25 CBOT Wheat closed at $5.36, down 1 1/2 cents,
Mar 26 CBOT Wheat closed at $5.34 3/4, down 1 cent,
Dec 25 KCBT Wheat closed at $5.21, down 2 1/4 cents,
Mar 26 KCBT Wheat closed at $5.26 1/2, down 4 3/4 cents,
Dec 25 MGEX Wheat closed at $5.82 1/2, unch,
Mar 26 MGEX Wheat closed at $5.71 1/4, down 1 3/4 cents,
On the date of publication,
Austin Schroeder
didn’t have (both straight or not directly) positions in any of the securities talked about on this article. All info and information on this article is solely for informational functions.
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