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The wheat market experienced a rally on November 13, 2023, with Chicago SRW rising 17 cents, KC HRW gaining 13 to 14 cents, and MPLS spring wheat up 5 to 9 cents.
According to USDA, wheat export shipments totaled 246,533 metric tons (9.06 million bushels), which is a 15.41% decrease from the previous week, but a 25.06% increase compared to the same week last year. The top export destinations included Japan (87,493 MT), Indonesia (56,620 MT), and Mexico (48,105 MT). Year-to-date exports for the 2025/26 marketing year reached 12.363 million metric tons (454.26 million bushels), up 19.3% from last year.
Closing prices included December 25 CBOT wheat at $5.44 1/4 (up 17 cents) and March 26 CBOT wheat at $5.58 1/2 (up 17 cents).
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