The wheat complex is mixed at midday, with the winter wheats showing the strength. CBT soft red wheat are up 1 to 2 cents at midday. KC HRW futures are 2 to 3 cents higher across most contracts at midday. MPLS spring wheat futures are fractionally lower in the nearbys.
The US is expected to see rain totals of 1 to 4 inches in parts of the Southern Plains in the next week, push 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.
Dec 25 CBOT Wheat is at $5.14, up 1 cent,
Mar 26 CBOT Wheat is at $5.29 1/2, up 1 1/4 cents,
Dec 25 KCBT Wheat is at $5.02 3/4, up 2 3/4 cents,
Mar 26 KCBT Wheat is at $5.19 3/4, up 2 cents,
Dec 25 MGEX Wheat is at $5.57 3/4, down 1/4 cent,
Mar 26 MGEX Wheat is at $5.75 3/4, down 1/4 cent,
