Wheat Falls as Export Sales Data Comes in Weak

The wheat market posted losses on Friday, as weaker export sales day resumed in the morning report. Chicago SRW futures were down 19 to 10 cents in the nearbys, with March up 5 ¼ cents this week. KC HRW futures were down 11 to 12 cents in the front months, as March was up 11 cents on the week. MPLS spring wheat was 9 to 10 cents lower, as March bounced back 11 ¾ cents this week.

CFTC data showed CBT wheat speculators trimming their large net short position by 2,601 contracts to 91,792 contracts as of Tuesday. In KC, they parred back 2,475 contracts to 35,131 contracts net short.

Export Sales data was released this morning, showing just 164,837 MT in wheat sales during the week of 1/16. That was below the trade expectations, looking for 200,000 to 600,000 MT, and less than a third of the previous week. Mexico was the buyer of 57,500 NT with 49,200 MT sold to Japan. Sales for 2025/26 were above the expected 0-50,000 MT at 50,500 MT. The Philippines was the buyer of 33,000 with 14,000 MT sold to Japan.

This article has been republished from The Nasdaq.

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