The wheat complex posed weakness in the winter wheats on Wednesday, as spring wheat turned higher at the close. Chicago SRW futures closed the midweek session with contracts 1 to 3 ½ cents lower. KC HRW futures were down 1 to 3 cents in the front months on Wednesday. MPLS spring wheat saw some late day strength to close with gains of 1 to 4 cents.
Weekly Export Sales data will be published in the week of 2/19, as traders are looking for between 250,000 and 500,000 MT of wheat sales for old crop. New crop sales are seen in a range of 0 to 50,000 MT.
Algeria purchased an estimated 600,000 MT of wheat in a tender on Tuesday. Russia’s wheat export estimate for 2025/26 was trimmed by 0.3 MMT to 45.4 MMT by SovEcon.
Mar 26 CBOT Wheat closed at $5.65 3/4, down 1 3/4 cents,
May 26 CBOT Wheat closed at $5.69 3/4, down 3 1/2 cents,
Mar 26 KCBT Wheat closed at $5.52 1/2, down 1 3/4 cents,
May 26 KCBT Wheat closed at $5.64 1/4, down 2 3/4 cents,
Mar 26 MIAX Wheat closed at $5.84 1/2, up 4 cents,
May 26 MIAX Wheat closed at $5.97, up 1 1/2 cents,
