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CBOT wheat rises on increased buying interest

ReutersMar 13, 2025 7:50 PM

- Chicago Board of Trade soft red winter wheat futures rose on Thursday after Russia's IKAR cut its wheat export forecasts, sparking buying interest in U.S. wheat futures.

  • CBOT May soft red winter wheat WK25 settled up 8-1/2 cents at $5.62-1/2 a bushel.

  • K.C. May hard red winter wheat KWK25 ended up 14-1/2 cents at $5.87-1/2 a bushel, while Minneapolis May spring wheat MWEK25 settled up 9-1/4 cents at $6.03-3/4 a bushel.

  • U.S. wheat export sales for 2024-25 were 783,400 metric tons in the week ended March 6, the U.S. Department of Agriculture said. That topped analysts' estimates for 275,000 to 650,000 metric tons.

  • French consultancy Strategie Grains trimmed its 2025-26 EU wheat production forecast, though it remains up from 2024-25.

  • Worries that trade disputes threaten global demand for American crops still hang over the grain markets.

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