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CBOT wheat ends lower on ample global supplies, stronger US dollar

ReutersSep 2, 2025 7:17 PM
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- Chicago Board of Trade wheat futures fell on Tuesday, pressured by abundant global supplies and a stronger U.S. dollar.

  • Australia's wheat output is poised to be 22% above the 10-year average on the back of largely crop-friendly growing conditions, the Agriculture Ministry said.

  • Grain consultancy Sovecon said it raised its forecast for Russia's 2025-26 wheat exports.

  • Russia's efforts to gain access to China's vast wheat market have stalled due to Beijing's reluctance to authorize imports of Russian winter wheat, Agriculture Minister Oksana Lut was quoted as saying by Russian news agencies.

  • Ukraine increased wheat exports to 1.89 million metric tons in August and may export at least 1.7 million tons in September, the country's largest farm producers union UAC said.

  • The U.S. Department of Agriculture said 802,780 metric tons of wheat were inspected for export in the week ended August 28, above trade estimates for 250,000 to 700,000 tons.

  • In a weekly crop progress report due later on Tuesday, the USDA is expected to report that 70% of the U.S. spring wheat crop was harvested as of Sunday, up from 53% a week earlier.

  • CBOT December soft red winter wheat WZ25 settled down 6 cents at $5.28-1/4 per bushel.

  • K.C. December hard red winter wheat KWZ25 ended 8-1/2 cents lower at $5.11-1/4 per bushel.

  • Minneapolis December spring wheat MWEZ25 ended down 5-3/4 cents at $5.74-1/4 a bushel after setting a life-of-contract low at $5.69-1/4.

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