Wheat Market: Gains & Dips, Export Sales & Production Updates
Update: 2025-12-05
Description
Wheat Market Update: Mixed Performance, Increased Production EstimatesTodays wheat market saw a mix of gains and losses. Chicago soft red winter wheat futures rose by two to three cents, while Kansas City hard red winter wheat futures gained four to five cents. However, Minneapolis spring wheat contracts dropped by three to four cents. The USDAs weekly export sales report showed a three-week high for new bookings, with 505,415 metric tons of wheat sold. Statistics Canada updated its wheat production estimates, projecting a significant increase of 3.3 million metric tons to 39.96 million metric tons. The December twenty-five Chicago Board of Trade wheat contract closed at $5.41, up 3.25 cents, and the December twenty-five Kansas City Board of Trade wheat contract closed at $5.295, up 8.5 cents.
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