tradingkey.logo

CBOT wheat settles up as dry weather forecast for US Plains

ReutersApr 7, 2025 8:16 PM

- Chicago Board of Trade wheat futures closed higher on Monday as dry weather was expected in the U.S. wheat belt and tariff news created concerns for investors, according to analysts.

  • CBOT May soft red winter wheat WK25 settled up 7-1/2 cents at $5.36-1/2 per bushel.

  • K.C. May hard red winter wheat KWK25 ended up 1-3/4 cents at $5.59-1/4 per bushel, and Minneapolis May spring wheat MWEK25 climbed 9-1/2 cents to end at $5.94 a bushel.

  • Dry weather forecast in the U.S. central and southern Plains will allow moisture shortages to expand for winter wheat, according to weather forecaster Maxar.

  • U.S. President Donald Trump said he would impose an additional 50% duty on U.S. imports from China on Wednesday if the world's No. 2 economy did not withdraw the 34% tariffs it had imposed on U.S. products last week.

  • Beijing retaliated with those tariffs in response to 34% "reciprocal" duties announced by Trump.

Disclaimer: The information provided on this website is for educational and informational purposes only and should not be considered financial or investment advice.

Related Articles

KeyAI