Wheat Futures: Weekly Gains Despite Trader Caution
Update: 2025-12-27
Description
Wheat futures closed the week with mixed results, despite overall gains. Chicago soft red winter wheat contracts saw mostly losses, while Kansas City hard red winter wheat held steady. Minneapolis spring wheat experienced small losses, except for the lead March contract. Closing prices reflected caution, with March Chicago Board of Trade wheat down by two and three-quarters cents. Traders were jittery ahead of a peace meeting between President Trump and Ukraines President Zelensky, which likely kept buyers at bay. The weather outlook adds uncertainty, with light precipitation expected across the Plains, potentially easing dryness concerns. The outcome of the talks and the rains could influence wheat prices in the coming days.
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