Wheat Closes with Losses After Slow Export Sales

Austin Schroeder Barchart Thu Dec 12, 5:41PM CST
Wheat Harvest by Heiko Janowski via Unsplash

The wheat complex closed with weakness across the three markets on Thursday. Chicago SRW futures were 4 ¼ to 4 3/4 cents lower across the board. KC HRW contracts were down 4 ¼ to 5 cents on the day. MPLS spring wheat closed with steady to 5 cent losses across the board on the session.

The weekly Export Sales report showed 290,236 MT of wheat sold in the week of 12/5, on the lower end of the estimates running between 275,000 and 600,000 MT. That was an 11-week low for sales and was down 23.27% from last week. Sales were spread out, with the Philippines buying 92,000 MT and Mexico in for 73,700 MT

Japan purchased a total of 112,889 MT of wheat from Australia, Canada, and the US, with 58,986 MT US specific. Saudi Arabia has issued a tender to buy 595,000 MT of wheat, with offered due on Friday. 

Dec 24 CBOT Wheat  closed at $5.38 3/4, down 4 3/4 cents,

Mar 25 CBOT Wheat  closed at $5.58 1/2, down 4 3/4 cents,

Dec 24 KCBT Wheat  closed at $5.46 1/4, down 3 cents,

Mar 25 KCBT Wheat  closed at $5.62 3/4, down 4 1/2 cents,

Dec 24 MGEX Wheat  closed at $5.82 1/4, unch,

Mar 25 MGEX Wheat  closed at $6.02 1/2, down 4 1/2 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.