Wheat bulls were pushing things higher on Wednesday, with gains across all three markets. Chicago SRW wheat posted 15 to 19 cent gains on Wednesday. There was 1 contract issued against CBT wheat overnight. KC HRW contracts were 11 to 12 cents in the green at the final bell. There were 129 deliveries against KC wheat overnight. MPLS spring wheat closed out the day with contracts up 20 to 22 cents.
USDA will release their weekly Export Sales report on Thursday, with traders surveyed by Reuters looking for between 200,000 and 600,000 MT of wheat sold in the week of June 26.
Earlier today, President Trump announced a trade deal with Vietnam, stating the country is charging no tariffs on US goods. Nearly 3% of all US wheat export commitments for 2024/25 were for Vietnam.
Jul 25 CBOT Wheat closed at $5.56, up 18 3/4 cents,
Sep 25 CBOT Wheat closed at $5.64, up 15 cents,
Jul 25 KCBT Wheat closed at $5.22 3/4, up 12 cents,
Sep 25 KCBT Wheat closed at $5.42 1/4, up 11 cents,
Jul 25 MGEX Wheat closed at $6.31 3/4, up 21 1/2 cent,
Sep 25 MGEX Wheat closed at $6.49, up 20 1/2 cent,
