Grains surging on Tuesday: Wheat prices on the rise
In a significant development for the global wheat market, futures prices have been on the rise across several contracts on Tuesday.
The Dec 25 MGEX Wheat is currently trading at $5.75 1/2, marking an increase of 3 3/4 cents. Similarly, the Dec 25 KCBT Wheat is trading at $5.23 1/4, up by 9 1/4 cents. The CBOT Wheat contract for March 26 is currently trading at $5.51 1/4, an increase of 8 1/2 cents, and the Mar 26 MGEX Wheat is trading at $5.96, up by 3 1/2 cents.
KC HRW futures are also experiencing a rally, with 9 to 10 cents in the nearbys. Meanwhile, MPLS spring wheat futures are down 3 to 4 cents across the front months.
The US winter wheat crop is currently listed at 11% planted, which is below the 13% 5-year average pace. Contrastingly, the US spring wheat crop is currently at 94% harvested, which is 2% faster than normal.
In international news, the organization SovEcon has adjusted its forecast for EU wheat exports from July to September 14, 2025, slightly upward to 43.7 million tons for the 2025/26 season. However, the European Commission estimates EU wheat exports at 3.78 MMT from July to September 14, a decrease of 1.95 MMT compared to the same period last year.
France's wheat crop is estimated at 33.3 MMT according to the country's Farm Ministry, a 0.2 MMT increase from last month's estimate.
These fluctuations and changes in the wheat market are indicative of the ongoing global trends and will likely continue to shape the market in the coming months.
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