US wheat futures closed mixed on all three exchanges on Friday, with winter wheat contracts showing the strongest performance. In Chicago, contracts ended the day up 3 to 5 cents, while March was still down a cent on the week. Contracts in Kansas ended trading 1 to 2 cents higher, with the March contract down 12 cents overall since last Friday. In Minneapolis, contracts were able to follow the bullish lead and traded marginally lower. The report on export sales showed that bookings for wheat totalled 532,674 tons in the week to February 13. This was 6.48% less than the previous week, but still 128.11% more than the same week in 2024. Mexico was the buyer of 147,300 tons and Japan of 69,900 tons. Export commitments are now at 86% of the USDA forecast of 19.874 million tons, compared to the average sales pace of 94%. New crop sales exceeded expectations of 0-50,000 tons, reaching a high for the year of 98,500 tons. New acreage estimates will be published by the USDA in the coming days. According to a Bloomberg survey, local analysts are expecting a range of 45.5 to 47.9 million acres.
On this side of the Pacific, futures failed to turn the tide and ended trading with slight losses.
