Wheat is showing 4 to 6 cent higher trade on Thursday morning. The wheat complex faded lower on Wednesday, with buyers failing to hold midday gains. Open interest was up 2,694 contracts. Chicago SRW contracts were steady to 2 cents lower. KC HRW futures were 3 ¼ to 5 ½ cents in the red at the close. OI dropped 1,313 contracts. MPLS spring wheat was down 2 ½ to 6 cents on the session.
The weekly Export Sales report will be published today, with a Reuters survey of analysts looking for between 300,000 and 650,000 MT in 2026/27 sales. Sales for 2026/27 are seen at 0-50,000 MT.
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Census export data from on Wednesday showed a total of 1.546 MMT of wheat exports in September, down 14.83% from last month and less than half of the same month last year.
Dec 26 CBOT Wheat closed at $5.98 1/2, down 1 1/4 cents, currently up 5 1/4 cents
Mar 27 CBOT Wheat closed at $6.09 1/2, down 1 1/4 cents, currently up 6 cents
Dec 26 KCBT Wheat closed at $6.32 3/4, down 3 1/2 cents, currently up 7 cents
Mar 27 KCBT Wheat closed at $6.39 3/4, down 4 3/4 cents, currently up 6 1/2 cents
Dec 26 MIAX Wheat closed at $6.17 3/4, down 2 3/4 cents, currently up 4 3/4 cents
Mar 27 MIAX Wheat closed at $6.33, down 2 1/2 cents, currently up 4 3/4 cents
On the date of publication, Austin Schroeder did not directly have a position in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. This article was originally published on Barchart.com
