Wheat Markets Open Post-Holiday, Export Sales in Focus
Update: 2025-11-28
Description
Wheat markets resume trading after the holiday, with Chicago Soft Red Winter wheat futures up by one to two cents, Kansas City Hard Red Winter wheat futures steady or gaining up to four cents, and Minneapolis Spring wheat futures dipping by two to four cents. Open contracts decreased across the board, indicating traders closing positions before the holiday. New export sales data for the week of October sixteenth is expected, with traders hoping for between three hundred fifty thousand and six hundred fifty thousand metric tons of wheat sold. France reports ninety-eight percent of its wheat crop planted, while the EUs total wheat production estimate is updated to one hundred thirty-four point two million metric tons. Argentinas wheat harvest estimate is raised to twenty-five point five million metric tons, potentially influencing global supply expectations.
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