Wheat Turns Higher into Wednesday’s Close

Austin Schroeder Barchart Wed Oct 8, 5:02PM CDT
Wheat and stormy sky by Marcin Kempa via Unsplash

The wheat complex bounced from the mixed midday action to close with front months in the green across the three exchanges. CBT soft red wheat futures were steady to fractionally higher in the nearbys on Wednesday. KC HRW futures posted 1 to 2 cent higher trade at the midweek close. MPLS spring wheat futures were up 3 to 4 cents on the day.

The suspended Export Sales report was expected to show wheat sales in the range of 350,000 to 600,000 MT for the week ending on October 2. The data will be released at some point in the futures, though the shutdown is preventing that. 

SovEcon estimates Ukraine wheat crop at 22.9 MMT, up 1.5 MMT above their pervious number. The Rosario Grains Exchange estimates the Argentina wheat crop for 2025/26 at 23 MMT, vs. the 20 MMT previous estimate.

Dec 25 CBOT Wheat  closed at $5.07 1/4, up 1/2 cent,

Mar 26 CBOT Wheat  closed at $5.25 1/4, up 1/2 cent,

Dec 25 KCBT Wheat  closed at $4.93 1/4, up 1 1/4 cents,

Mar 26 KCBT Wheat  closed at $5.15, up 1 1/2 cents,

Dec 25 MGEX Wheat  closed at $5.56 1/2, up 3 1/2 cents,

Mar 26 MGEX Wheat  closed at $5.75 1/4, up 3 3/4 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.