Wheat Weakness Extends into Tuesday’s Close | U.S. Finance News
The wheat advanced posted prolonged weak point on Tuesday, with contracts down throughout the three markets. Chicago SRW futures closed with losses of 5 to six cents on the Tuesday session. Kansas City HRW posted losses of 1 to three cents on the ultimate bell. MPLS spring wheat was down 3 to 4 cents within the close by contracts at Tuesday’s close.The weekly Crop Progress report from NASS confirmed the US spring wheat crop at 7% planted, matching the 5-year average tempo. The winter wheat crop was pegged at 8% planted, consistent with the average tempo. Conditions of the winter wheat crop have been down 1% to 47% good/glorious, with the Brugler500 index rising 1 level to 329 on a 2% shift out of the poor/very poor classes. By state, the HRW states took a lot of the weaker situations, with NE down 30 factors, CO shedding 12 and KS dropping 9 factors.
Don’t Miss a Day: From crude oil to espresso, signal up free for Barchart’s best-in-class commodity evaluation. The French farm ministry estimated the nation’s comfortable wheat crop at 4.61 hectares (11.44 million acres), a 10% increase from final yr. Argentina’s wheat crop is estimated at 20.5 MMT for 2025/26 in line with the Buenos Aires Grains Exchange, which might be up from 18.6 MMT final yr. May 25 CBOT Wheat closed at $5.42, down 5 1/2 cents,Jul 25 CBOT Wheat closed at $5.56, down 5 3/4 cents,May 25 KCBT Wheat closed at $5.53, down 2 1/4 cents,
Jul 25 KCBT Wheat closed at $5.68 1/2, down 1 3/4 cents,May 25 MGEX Wheat closed at $6.01 1/4, down 3 1/2 cents,Jul 25 MGEX Wheat closed at $6.15 1/2, down 3 1/2 cents,
On the date of publication,
Austin Schroeder
didn’t have (both immediately or not directly) positions in any of the securities talked about on this article. All data and knowledge on this article is solely for informational functions. For more data please view the Barchart Disclosure Policy
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