Wheat Edging Out Gains on Friday

Austin Schroeder Barchart Fri Apr 25, 12:25PM CDT
Wheat and stormy sky by Marcin Kempa via Unsplash

Wheat is trading with gains so far on Friday across the three markets. Chicago SRW futures are fractionally higher at midday. Kansas City HRW contracts are showing fractional gains. MPLS spring wheat is steady to down a penny. May options expire today.

Export Sales data shows a total of 21.483 MMT of wheat sold for shipment since June 1, which is 14% above the same time last year. Still, it is just 96% of the USDA forecast, behind the 103% average sales pace. 

The FranceAgriMer estimates the French soft wheat crop at 74% good/excellent, down from 75% last week.

May 25 CBOT Wheat  is at $5.29 3/4, up 1/2 cents,

Jul 25 CBOT Wheat  is at $5.45 1/4, up 3/4 cents,

May 25 KCBT Wheat  is at $5.38 1/2, up 3/4 cents,

Jul 25 KCBT Wheat  is at $5.50 3/4, unch cents,

May 25 MGEX Wheat  is at $5.92 1/4, down 1/4 cents,

Jul 25 MGEX Wheat  is at $6.07 1/4, down 1/2 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.