Wheat Markets Surge Before Holiday
Update: 2025-11-26
Description
Wheat markets surge ahead of Thanksgiving, with Chicago SRW futures up by four to five cents, Kansas City HRW futures gaining three to seven cents, and Minneapolis spring wheat futures increasing by four to five cents. The December contract notably up by sixteen cents. Markets closed tomorrow, reopening Friday with an early close. Managed money investors increased net short positions in both Chicago and Kansas City wheat. South Koreas significant wheat purchase from the US and Canada impacts global demand. December twenty-five Chicago Board of Trade wheat at five dollars and thirty-two and one-quarter cents, up five cents; Kansas City Board of Trade wheat at five dollars and nineteen and three-quarter cents, up six and a half cents; MGEX wheat at five dollars and ninety-six cents, showing a strong sixteen-cent increase. Trends to watch after the holiday.
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