The wheat market exhibited mixed trading on Thursday, with Kansas City hard red winter (HRW) wheat futures rising by ¾ to 4 cents, while Chicago soft red winter (SRW) wheat experienced losses ranging from fractional amounts to 4 cents. At the close, Chicago Board of Trade (CBOT) July wheat was priced at $5.86¾, down ¾ cent, while September contracts stood at $5.98¼, down 1¼ cents.
The USDA’s Export Sales report highlighted old crop sales of 95,094 metric tons (MT) for the final four days of the 2025/26 marketing year, alongside a carryover of 298,570 MT in unshipped sales. New crop sales exceeded expectations, totaling 666,259 MT, with Mexico as the leading buyer at 143,100 MT.
In the latest Crop Production report, winter wheat production is estimated at 1.029 billion bushels (bbu), down 18 million bushels (mbu) from last month, with yields adjusted to 46.8 bushels per acre (bpa). The WASDE report indicates that new crop stocks are projected to decrease to 744 mbu, attributed to the production cut, while world carryout for 2025/26 increased to 279.95 million metric tons (MMT).
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