Wheat Prices Rise Across Major U.S. Markets Amid Purchase Surge

Key Gains in Wheat Futures as Markets Respond to Global Demand

On Thursday, the wheat market experienced a notable uptick, with gains registered across all major exchanges. Chicago SRW futures rose between 4 ¾ to 7 cents during the trading session. Similarly, KC HRW contracts saw increases of 7 to 8 cents, while MPLS spring wheat futures climbed by 3 ½ to 4 ¾ cents.

As traders await the delayed Export Sales report, they anticipate total wheat sales ranging from 250,000 to 600,000 metric tons for the week ending December 19.

In international developments, Algeria made a significant purchase of 1.17 million metric tons (MMT) of wheat on Tuesday, a substantial increase from the previously reported 630,000 MT. In addition, Russia’s IKAR estimates the country’s wheat exports for the 2025/26 period will decline to 41 MMT, projecting a decrease in the country’s market share from 25% to 20%.

Mar 25 CBOT Wheat closed at $5.41, up 6 1/4 cents.

May 25 CBOT Wheat closed at $5.52, up 6 3/4 cents.

Mar 25 KCBT Wheat closed at $5.51 1/2, up 7 3/4 cents.

May 25 KCBT Wheat closed at $5.59 1/2, up 7 3/4 cents.

Mar 25 MGEX Wheat closed at $5.94, up 4 1/2 cents.

May 25 MGEX Wheat closed at $6.02 1/4, up 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.

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