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CBOT wheat down on poor export sales, strong dollar

ReutersMar 20, 2025 7:29 PM

- Chicago Board of Trade wheat futures eased for a third consecutive session on Thursday as lackluster weekly export sales data as well as strength in the dollar added to doubts over U.S. export prospects, traders said.

  • CBOT May soft red winter wheat WK25 settled down 6-1/4 cents to $5.57-1/4 per bushel.

  • K.C. May hard red winter wheat KWK25 ended down 8-1/4 cents to $5.86-1/2 per bushel and Minneapolis May spring wheat MWEK25 rose 7 cents to $6.04-3/4 per bushel.

  • Traders have continued to monitor tariff tussles between the United States and trading partners and discussions to end the war between Ukraine and Russia.

  • On Thursday morning, the U.S. Department of Agriculture reported a net decline of 248,900 metric tons in U.S. wheat sales for the 2024/25 marketing year in the week ended March 13, well below expectations for net positive sales of 300,000 to 700,000 tons. EXP/WHE

  • Thursday's poor wheat export sales are a reflection of strong global wheat supplies, analysts said.

  • Rain and snow over portions of winter wheat-growing areas in the U.S. have helped alleviate dryness while adding pressure to prices.

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