Wheat Markets Experience Declines Ahead of Holiday Trading
Weakness in wheat prices was evident across key exchanges on Tuesday, just before Christmas. Chicago SRW futures dropped between 3 ¾ and 5 ¾ cents. Similarly, KC HRW contracts saw a decline of 6 ¼ to 7 ¼ cents, while MPLS spring wheat futures fell by 5 to 6 cents. The markets will reopen hard at 8:30 am CST today.
Weather Forecast: Rain for Some, Dry for Others
Precipitation is expected to reach the eastern parts of the Plains this coming week, while the western half is likely to remain dry. Areas within the SRW regions are predicted to receive between 1 to 2 inches of rain.
International Trade Updates: Algeria Increases Wheat Purchases
In related news, Algeria purchased 630,000 MT of wheat through a tender on Tuesday. Additionally, Russian agricultural analyst IKAR forecasts that the country’s wheat exports for the 2025/26 season will decline to 41 MMT, anticipating a decrease in market share from 25% to 20%.
Wheat Futures Prices for March and May 2025
Here are the latest closing prices for various wheat futures:
- Mar 25 CBOT Wheat closed at $5.34 3/4, down 5 3/4 cents.
- May 25 CBOT Wheat closed at $5.45 1/4, down 5 3/4 cents.
- Mar 25 KCBT Wheat closed at $5.43 3/4, down 7 1/4 cents.
- May 25 KCBT Wheat closed at $5.51 3/4, down 7 1/4 cents.
- Mar 25 MGEX Wheat closed at $5.89 1/2, down 6 cents.
- May 25 MGEX Wheat closed at $5.97 3/4, down 5 3/4 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.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
