CBOT wheat ends lower on US stocks data, harvest pressure
CHICAGO, June 30 (Reuters) - Chicago Board of Trade soft red winter wheat futures ended lower on Monday on pressure from the ongoing Northern Hemisphere harvest and larger-than-expected U.S. June 1 wheat stocks data, traders said.
CBOT September soft red winter wheat WU25 settled down 2-1/2 cents at $5.38-1/4 per bushel after dipping to $5.34-3/4, the contract's lowest since May 14.
K.C. September hard red winter wheat KWU25 ended down 7 cents at $5.26-3/4 a bushel.
Minneapolis September spring wheat MWEU25 fell 7-1/4 cents to finish at $6.20-3/4 a bushel and CBOT September hard red spring wheat HRSU25 ended down 6-3/4 cents at $6.19.
The U.S. Department of Agriculture reported U.S. June 1 wheat stockpiles at 851 million bushels, up 22 percent from a year ago and at the high end of a Reuters survey of analysts' expectations.
The USDA also reported U.S. all-wheat plantings for harvest in 2025 at 45.478 million acres, roughly in line with trade expectations but up slightly from its March 31 estimate of 45.350 million acres.
Ahead of the USDA's weekly crop progress report, analysts surveyed by Reuters on average had expected the government to rate 54% of the U.S. spring wheat crop and 49% of the winter wheat crop in good to excellent condition, unchanged from last week.
Analysts on average expected the USDA to report that the winter wheat harvest was 32% complete.
The USDA reported export inspections of U.S. wheat in the latest week at 434,539 metric tons, near the high end of trade estimates for 200,000 to 450,000 tons. USDA/I
European wheat futures fell to new life-of-contract lows, weakened by forecasts of larger-than-expected U.S. wheat sowings and inventories, while poor export prospects and weaker U.S. markets added downward pressure.
The CBOT reported 10 deliveries on first notice day against the CBOT July soft red winter wheat WN25 futures contract, which expires on July 14. The exchange also reported 315 lots delivered against K.C. July hard red winter wheat KWN25 futures and 182 contracts against CBOT July HRS HRSN25 futures. WHE/D
Related Articles
Circle’s Next Chapter: Not Just Stablecoins, But a Payments Network
TradingKey - Stablecoins are meeting real-world demand, especially in emerging markets where payment systems are oftenfragmented, access to the traditional banking system is limited, or capital controls restrict seamless global flows.
Investing in Robotics & Automation
Robotics and automation are a structural megatrend driven by labor shortages, supply chain shifts, and the push for efficiency.The investment landscape spans industrial leaders, healthcare innovators, logistics adopters, and semiconductor enablers.
September Global Central Bank Divergence: How Will U.S. Stocks and Forex Markets Move?
TradingKey - Despite the divergence in monetary policies among major global central banks in September (with the Federal Reserve cutting rates while the European Central Bank, Bank of England, and Bank of Japan maintain steady rates), we expect the policy directions of the Fed, ECB, and BoE to...
What Is Worldcoin? Why Did WLD Surge Suddenly, and What’s Next?
Worldcoin is evolving from a “hype token” into a foundational layer for global identity. Its fusion of biometrics, blockchain, and financial inclusion has earned growing recognition from users and institutions. If it can overcome technical hurdles, launch real-world payment use cases, and stabilize
Bitcoin Price Forecast: Trends and Investment Outlook from 2025 to 2030
From $0.01 in 2009 to $120,000+ in 2025, Bitcoin has evolved from obscurity to a globally recognized financial asset. While institutions and governments increasingly embrace it, investors must remain vigilant against volatility, security risks, and scams.
