The wheat market is buying and selling with contracts largely weaker on Wednesday. Chicago SRW futures are 3 to 4 cents within the purple on the day. KC HRW futures are regular at noon. MPLS spring wheat is down 4 to five cents. There have been 12 deliveries for March CBT wheat futures in a single day, with 29 for March KC wheat.
Canadian wheat acreage is predicted to be up 2.6% from final 12 months in 2025 at 27.475 million acres, in accordance with Stats Canada planting intentions information from this morning. A lot of the rise is estimated from spring wheat, seen at 19.42 million acres, up 2.5% yr/yr with durum regular at 6.36 million acres.
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Forward of the Thursday morning Export Gross sales launch, merchants expect to see a complete of 275,000 and 650,000 MT in outdated crop wheat gross sales. Gross sales for 2025/26 are seen at 0-100,000 MT.
Algeria bought wheat in a young on Wednesday, with merchants estimating anyplace from 500,000 to 650,000 MT of wheat bought.
Mar 25 CBOT Wheat is at $5.34, down 7 cents,
Might 25 CBOT Wheat is at $5.53 1/2, down 3 1/4 cents,
Mar 25 KCBT Wheat is at $5.58 3/4, down 7 cents,
Might 25 KCBT Wheat is at $5.72, unch,
Mar 25 MGEX Wheat is at $5.82 3/4, down 7 1/4 cents,
Might 25 MGEX Wheat is at $5.93, down 4 1/4 cents,
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Reference :
https://www.nasdaq.com/articles/wheat-slipping-weaker-wednesday