CBOT wheat finishes nearly flat as US harvests progress
CHICAGO, July 9 (Reuters) - Chicago Board of Trade soft red winter wheat futures finished nearly unchanged on Wednesday as advancing U.S. harvests kept a lid on the market.
Hard red winter wheat and hard red spring wheat futures edged higher.
The U.S. winter wheat harvest was more than half complete, according to U.S. Department of Agriculture data issued on Monday.
The U.S. Department of Agriculture on Thursday is expected to report weekly U.S. wheat export sales of 200,000 to 600,000 metric tons for 2025-26, analysts said in a Reuters poll.
The USDA on Friday is expected to trim its estimate for all-wheat production, analysts said in a separate poll.
CBOT September soft red winter wheat WU25 eased 3/4 cent to close at $5.47 per bushel.
K.C. September hard red winter wheat KWU25 rose 1-1/2 cents to $5.24 a bushel.
Minneapolis September spring wheat MWEU25 was last up 1-3/4 cents at $6.31-1/2 a bushel, and CBOT September hard red spring wheat HRSU25 was up 1-3/4 cents at $5.97 per bushel.
Related Articles
Fed Rate Cut Finally Arrives,Dollar Index: Negative Catalysts Largely Priced In,Euro Rally May Be Running Out of Steam
Tradingkey - The Federal Reserve lowered the target range for the federal funds rate by 25 basis points to 4.00%–4.25% late yesterday, as widely expected, and signaled two additional rate cuts this year.
[U.S. IPO] Netskope Raises $908 Million in IPO, Debuts Thursday: A Rising Star in Cloud Security?
TradingKey - Backed by venture capital firm Lightspeed Venture Partners, Netskope Inc., a technology provider specializing in securing enterprise cloud services, has raised $908.2 million in its IPO. The company's valuation now exceeds $7 billion. Netskope is set to list on the Nasdaq under the tick-24998ce9215f4781a8d3878dba968c9e.jpg)
Why the September Fed Meeting Feels So Strange? The Answer Lies with Miran, Cook and Trump
TradingKey - Beyond analyzing whether the updated dot plot after the Fed’s rate decision reflects a dovish or hawkish tilt, investors are increasingly curious about what will become of the Federal Reserve amid political interference, personnel changes, and potential institutional shifts. The Wall
[U.S. IPO] Oilfield Water Giant WaterBridge Raises $634M in IPO; Can It Repeat LandBridge's 125% Surge?
TradingKey - Oil field water management company WaterBridge (WBI) announced on September 16 that its US initial public offering (IPO) is expected to price 31.7 million shares at $20 per share, raising a total of $634 million.
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...
