Wheat prices increased across all three exchanges at Thursday’s midday. Chicago SRW futures climbed by 6 to 7 cents, while KC HRW futures took the lead, rising by 14 to 15 cents. Meanwhile, MPLS spring wheat also recovered, gaining 12 to 13 cents. Notably, the session recorded one delivery for March CBT wheat and two for March KC wheat overnight.

This morning’s Export Sales report highlighted a strong demand, revealing the second-largest weekly wheat purchase total for the marketing year of 783,416 metric tons (MT) for the week ending March 6. This figure surpassed trade estimates of 275,000 to 650,000 MT for old crop wheat sales and was more than double the previous week’s sales. Among the top buyers, Panama purchased 237,600 MT, followed by South Korea with 160,000 MT, and unknown destinations acquiring 113,000 MT. Additionally, sales for 2025/26 amounted to 82,600 MT, falling within the range of estimates from 0 to 100,000 MT.

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In other news, Algeria conducted a wheat purchase in a tender on Wednesday, with estimates ranging from 500,000 to 650,000 MT. Furthermore, IKAR adjusted its Russian wheat export projection down by 1.5 million metric tons to a total of 41 million metric tons.

Current Wheat Futures Prices

Mar 25 CBOT Wheat is priced at $5.51 1/4, reflecting an increase of 12 1/2 cents.

May 25 CBOT Wheat stands at $5.61, up by 7 cents.

Mar 25 KCBT Wheat is quoted at $5.61 3/4, marking an increase of 3 cents.

May 25 KCBT Wheat reports at $5.87 3/4, rising by 14 3/4 cents.

Mar 25 MGEX Wheat shows a price of $5.80 1/2, down 2 1/4 cents.

May 25 MGEX Wheat is recorded at $6.06 1/2, an uptick of 12 cents.

On the date of publication, Austin Schroeder did not have any positions in the securities mentioned in this article, either directly or indirectly. All information and data is provided solely for informational purposes. For more details, please refer to the Barchart Disclosure Policy here.

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