Wheat Markets Mixed: Export Sales Boost, Speculators Add Shorts
Update: 2025-12-24
Description
Wheat markets closed with a mixed performance on Tuesday, as winter wheat contracts rose while spring wheat remained mostly unchanged. Chicago soft red winter futures climbed one to two cents, Kansas City hard red winter gained six to seven cents, and Minneapolis spring wheat ended fractionally mixed. Export sales data showed a positive trend, with a significant increase in sales compared to the previous week. However, speculators added to their short positions, driving up the net short in both Chicago and Kansas City wheat futures. European Union soft wheat exports fell short of last years figures. Looking ahead, weather in Brazil and the potential for corn to boost soybeans and wheat will be closely watched.
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