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On September 25, wheat futures closed higher across the three exchanges, with CBT soft red wheat up 6 to 8 cents, KC HRW futures rising 1 to 3 cents, and MPLS spring wheat increasing by 2 to 3 cents. The closing prices included $5.03 for September 25 CBOT wheat, $5.21 1/2 for December 25 CBOT wheat, $4.87 for September 25 KCBT wheat, and $5.50 1/4 for September 25 MGEX wheat.
Weekly Export Sales data reported 305,351 MT in sales for the week ending September 4, the second lowest total for the marketing year. Japan was the top buyer with 78,600 MT, followed by Indonesia with 70,000 MT.
The USDA’s monthly WASDE report, set for release on Friday, is expected to show minimal changes to the 2025/26 balance sheet, with stocks projected at 865 million bushels, down 4 from last month.
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