The wheat complicated held the weak point into the Thursday shut. Chicago SRW futures have been down 5 cents within the entrance months. Kansas Metropolis HRW futures have been 4 to five cents within the crimson on the day. Minneapolis spring wheat futures fell again 2 to three cents on the shut.

The weekly Export Gross sales report from this morning confirmed 69,659 MT of wheat bought within the week of 5/1. Mexico purchased 37,300 MT. New crop gross sales exceeded the vary estimates at 492,978 MT. That was a advertising 12 months excessive for the 2025/26 advertising 12 months and greater than double the earlier week. Unknown locations bought a complete of 183,500 MT, with 100,800 MT bought to South Korea.

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On Monday, USDA will launch the primary WASDE displaying the 2025/26 stability sheets. Analysts anticipate to see outdated crop at 850 mbu, a 4 mbu improve, with new crop seen at 863 mbu.

Taiwan mill importers bought 99,200 MT of wheat from the US in a single day. Statistics Canada knowledge from this morning confirmed wheat shares on the finish of March totaling 15.421 MMT, down 1.2% from final 12 months.

Jul 25 CBOT Wheat  closed at $5.29 1/4, down 5 cents,

Sep 25 CBOT Wheat  closed at $5.44, down 5 cents,

Jul 25 KCBT Wheat  closed at $5.24 3/4, down 4 3/4 cents,

Sep 25 KCBT Wheat  closed at $5.38 3/4, down 5 cents,

Jul 25 MGEX Wheat  closed at $6.00 3/4, down 2 1/4 cents,

Sep 25 MGEX Wheat  closed at $6.12 1/2, down 2 1/2 cents,

On the date of publication,

right here.

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