The wheat complex is mixed at midday, with the winter wheats showing the strength. CBT soft red wheat was fractionally mixed, with nearbys lower and deferreds higher. December was 8 ¾ cents higher on the week. KC HRW futures saw Friday gains of 1 to 1 1/2 cents, as December posted a dime gain since last Friday. MPLS spring wheat futures were down 1 to 2 ½ cents at the close, as December still saw an 8 ½ cent gain this week.
The US is expected to see rain totals of 1 to 2 inches in parts of the Southern Plains in the next couple days and pushing to the East Coast.
The French wheat crop is seen at 57% planted as of October 20, a 30 point move on the week according to the FranceAgriMer. Turkey’s wheat production estimate from the country’s data for 2025 is at 17.9 MMT, a drop of 1.7 MMT from their previous estimate. Buenos Aires Grain Exchange estimates the Argentina wheat harvest at 5% complete
Dec 25 CBOT Wheat closed at $5.12 1/2, down 1/2 cent,
Mar 26 CBOT Wheat closed at $5.28, down 1/4 cent,
Dec 25 KCBT Wheat closed at $5.01 1/2, up 1 1/2 cents,
Mar 26 KCBT Wheat closed at $5.18 1/4, up 1/2 cent,
Dec 25 MGEX Wheat closed at $5.57, down 1 cent,
Mar 26 MGEX Wheat closed at $5.75 3/4, down 1 1/4 cents,
