All three wheat futures markets had been decrease on Friday, giving again among the large Wednesday features as July choices went off the board. The wheat market had rallied at a double digit tempo on Wednesday, as shorts had been busy masking their giant positions amid warmth and dryness issues in Europe and moist climate delays in Kansas. The revenue taking was pretty uniform, with CBT wheat down 5 ½ to 7 cents, KC HRW down 6 ¼ to eight, and MPLS spring wheat down 2 ½ to 7 ½. 

USDA Export Gross sales knowledge from this morning confirmed 427,170 MT of wheat gross sales for the 2025/26 advertising 12 months within the week of June 12, in comparison with commerce estimates of 300,000 MT to 600,000 MT. That was improved from the earlier week, however 27.56% lower than the identical week final 12 months. 

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The previous couple days have seen drier climate in components of the Southern Plains, with the forecast calling for little or no precip, excluding components of northwest KS. There was little or no harvest exercise on a run from Wichita by way of Abilene and up into NE on Thursday, on account of moist soils. 

Regardless of latest regional emergency declarations, Russia continues to be formally anticipating each manufacturing (90 MMT per the ag minister) and wheat exports to be above 12 months in the past.  The French tender wheat crop is estimated at 68% good/glorious in accordance with FranceAgriMer, down 2 factors from final week. 

Jul 25 CBOT Wheat  closed at $5.67 3/4, down 6 1/2 cents,

Sep 25 CBOT Wheat  closed at $5.83 1/2, down 7 cents,

Jul 25 KCBT Wheat  closed at $5.63 1/4, down 8 cents,

Sep 25 KCBT Wheat  closed at $5.78 3/4, down 7 3/4 cents,

Jul 25 MGEX Wheat  closed at $6.38 3/4, down 7 1/2 cents,

Sep 25 MGEX Wheat  closed at $6.56 3/4, down 4 3/4 cents,

On the date of publication,

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