Wheat Closes with Mostly Higher Trade

Austin Schroeder Barchart Tue Dec 3, 4:55PM CST
Field of wheat under a blue cloudy sky by Robin Via Pixabay

The wheat complex ended the Tuesday session with contracts mostly higher. Chicago SRW futures were the exception, fractionally mixed across the board. KC HRW contracts were up 3/4 to 2 1/4 cents across the board. MPLS spring wheat was up 1 to 2 ½ cents, as Dec closed up 9 cents.

After easing of some drier conditions through November, dryness is creeping back into much of the US winter wheat growing regions over the next week.

Japan is tendering for 111,405 MT of wheat from Australia, Canada, and the US, with 56,945 MT US specific. The EU has exported 9.48 MMT of soft wheat from the first of July through December 1 according to the European Commission. That is well below the 13.75 MMT from the same point last year.

Dec 24 CBOT Wheat  closed at $5.36 3/4, down 3/4 cent,

Mar 25 CBOT Wheat  closed at $5.47 1/2, up 1/4 cent,

Dec 24 KCBT Wheat  closed at $5.24 3/4, up 1 cent,

Mar 25 KCBT Wheat  closed at $5.41 3/4, up 1 1/4 cents,

Dec 24 MGEX Wheat  closed at $5.69, up 9 cents,

Mar 25 MGEX Wheat  closed at $5.90, up 2 1/4 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.