The US wheat market was mixed in the middle of the week. In Chicago, SWR wheat for September was up slightly by 2.25 US cents at 507.25 US cents/bushel. December also rose by 2.25 US cents and closed at 528.25 US cents/bushel. In Kansas City, on the other hand, the front HRW dates fell. September lost 4.00 US cents to 506.75 US cents/bushel and December closed 2.00 US cents weaker at 528.00 US cents/bushel. Spring wheat in Minneapolis fluctuated unevenly around the previous day's line.
The markets are eagerly awaiting the weekly export figures to be published today. Analysts expect US exports for the new 2025/26 season to be between 400,000 and 850,000 tons. The USA is currently considered competitive on the global market, which could provide support for prices.
Meanwhile, a positive signal came from South Korea: a local importer secured 50,000 tons of US wheat in a tender. This deal supports the hope that export demand will continue and provide new impetus to the market. Meanwhile, further international news from Russia promises a harvest that is 1.6 million tons above the previous year's level.
Wheat prices on Euronext rose again. December rose by €0.50 to €195.75 per tonne.
