On Thursday, the wheat complex experienced losses, with Chicago SRW wheat declining 7 to 9 cents. Meanwhile, Kansas City HRW contracts closed down 4 to 7 cents, and MPLS spring wheat fell by 1 to 2 cents. Despite these declines, September contracts for Chicago and MPLS wheat posted weekly gains of 16 cents and 19 ¼ cents, respectively. The markets will observe a closure on Friday for Independence Day, resuming on Sunday night.
The USDA’s Export Sales report revealed that 2025/26 wheat sales reached 585,989 metric tons for the week ending June 26, surpassing expected figures and more than doubling the previous week’s sales. The Philippines emerged as the largest buyer with 162,000 metric tons, followed by Thailand with 60,000 metric tons.
Additionally, Census data showed wheat exports of 2.16 million metric tons (79.4 million bushels) in May, marking a four-year high, with full-year exports estimated at 810 million bushels. The commodity prices included July CBOT Wheat at $5.47 3/4, down 8 1/4 cents, and September CBOT Wheat at $5.56 3/4, down 7 1/4 cents.
