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CBOT wheat ends lower on big global supply

ReutersSep 9, 2025 6:56 PM

- Chicago Board of Trade wheat futures were lower on Tuesday, pressured by hefty global supplies and as traders squared positions ahead of a monthly U.S. Department of Agriculture supply and demand report due at the end of the week.

  • The USDA is expected to report a slight decrease in U.S. wheat ending stocks in its monthly report on Friday, while world wheat stocks are forecast to rise, according to a Reuters analyst poll.

  • The U.S. spring wheat harvest advanced to 85% complete as of Sunday, according to the USDA, up from 72% a week earlier and slightly ahead of expectations for 84%. The winter wheat crop was 5% planted, in line with expectations.

  • Russian wheat export prices continued to decline last week. Russian farmers have harvested 105 million metric tons of grain to date, according to Deputy Prime Minister Dmitry Patrushev, and the country is on track to harvest 135 million tons in line with forecasts.

  • Ukrainian farmers plan to increase the 2026 winter grain sowing area to 5.43 million hectares from 5.24 million in 2025, the Economy Ministry said on Tuesday, though dry soil in some areas means planting has got off to a slow start.

  • Statistics Canada reported Canada's all-wheat stocks as of July 31 at 4.1 million metric tons, down 22% from a year earlier and below an average of analyst estimates of 4.42 million tons.

  • CBOT December soft red winter wheat WZ25 settled 3-1/2 cents lower at $5.20-1/4 per bushel.

  • K.C. December hard red winter wheat KWZ25 last traded 8 cents lower at $5.09-1/4 per bushel.

  • Minneapolis December spring wheat MWEZ25 last traded down 3-1/2 cents at $5.73-1/4 a bushel.

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