Wheat Prices Decline on Thursday
Wheat Markets Close Lower Across Major Exchanges
Wheat futures ended the session under downward pressure on all three major exchanges. Chicago SRW contracts slipped by 2 to 3 cents, while Kansas City HRW futures dropped 5 cents. Spring wheat futures in Minneapolis also finished 4 to 5 cents lower for the front-month contracts.
Export Activity and Sales Data
Recent export sales figures revealed that wheat bookings totaled only 156,255 metric tons for the week ending January 8. The largest portion, 72,000 metric tons, was attributed to unspecified destinations, with the Philippines purchasing 61,500 metric tons. For the 2026/27 marketing year, net sales decreased by 26 metric tons.
International Wheat Trade and Forecasts
Saudi Arabia has announced a tender to purchase 595,000 metric tons of wheat, with bids due by Friday. Meanwhile, a South Korean buyer secured 50,000 metric tons of U.S. wheat in an overnight transaction.
Expana has revised its forecast for European Union wheat production upward by 0.3 million metric tons to 128.6 million metric tons, but lowered its export estimate by 1.2 million metric tons to 28.8 million metric tons.
Wheat Futures Closing Prices
- March 2026 CBOT Wheat settled at $5.10 1/2, down 2 cents
- May 2026 CBOT Wheat finished at $5.21 1/2, down 2 1/4 cents
- March 2026 KCBT Wheat closed at $5.17 1/4, down 5 cents
- May 2026 KCBT Wheat ended at $5.28 3/4, down 4 3/4 cents
- March 2026 MIAX Wheat settled at $5.63 1/2, down 4 1/2 cents
- May 2026 MIAX Wheat finished at $5.74, down 4 1/4 cents
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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