Wheat Market Struggles Amid Weaker Export Sales

The wheat market faced challenges on Friday, experiencing notable losses as the latest export sales data fell short of expectations. At midday, Chicago SRW futures were down by 11 to 12 cents, while KC HRW futures dropped by 14 to 15 cents. MPLS spring wheat also saw declines of 10 to 11 cents.

Export Sales Report Shows Disappointing Numbers

This morning’s Export Sales report revealed that only 164,837 MT in wheat were sold for the week ending January 16. This figure was significantly below the predicted range of 200,000 to 600,000 MT and marked less than a third of sales from the previous week. Among the buyers, Mexico purchased 57,500 NT, and Japan acquired 49,200 MT. For the 2025/26 marketing year, sales surpassed expectations, coming in at 50,500 MT compared to the forecast of 0-50,000 MT. The Philippines also featured in the sales, buying 33,000 MT, along with 14,000 MT sold to Japan.

Current Wheat Futures Prices

Mar 25 CBOT Wheat is priced at $5.42 1/4, down 11 3/4 cents.

May 25 CBOT Wheat stands at $5.57, down 10 3/4 cents.

Mar 25 KCBT Wheat is valued at $5.56 1/2, down 14 1/4 cents.

May 25 KCBT Wheat is quoted at $5.66 1/2, down 14 1/4 cents.

Mar 25 MGEX Wheat is at $5.93 3/4, down 10 3/4 cents.

May 25 MGEX Wheat is priced at $6.04 1/2, down 10 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.

The views and opinions expressed herein are those of the author and do not necessarily reflect those of Nasdaq, Inc.