Wheat Falls Lower on Tuesday

AAPL TSLA AMZN META AMD NVDA PEP COST ADBE GOOG AMGN HON INTC INTU NFLX ADP SBUX MRNA AAPL TSLA AMZN META AMD NVDA PEP COST ADBE GOOG AMGN HON INTC INTU NFLX ADP SBUX MRNA AAPL TSLA AMZN META AMD NVDA PEP COST ADBE GOOG AMGN HON INTC INTU NFLX ADP SBUX MRNA Stocks Wheat Falls Lower on Tuesday December 17, 2024 — 09:13 pm EST Written by Austin Schroeder for Barchart-> Wheat faced pressure across the three markets on the Tuesday session. Chicago SRW futures were 5 to 6 1/2 cents lower in the across most contracts at the close. KC HRW contracts were down 4 ½ to 6 ¾ cents on the day. MPLS spring wheat futures settled the day with contracts down 1 to 5 cents.Japan has issued a weekly tender for 77,220 MT of US and Australian wheat, with 55,420 MT US specific. SovEcon estimates the 2025 Russian wheat crop at 78.7 MMT which was a 3 MMT cut from the previous release. The EU estimates the 2024/25 soft wheat exports at 10.54 MMT from July 1 to December 15, a reduction from the 15.17 MMT year prior for the same time.

The French Farm Ministry estimated the country’s soft winter wheat area at 4.51 million hectares (11.15 million acres), up 8.7% from last year.Mar 25 CBOT Wheat closed at $5.45, down 5 cents,May 25 CBOT Wheat closed at $5.54 1/2, down 6 1/2 cents,Mar 25 KCBT Wheat closed at $5.52 1/2, down 6 3/4 cents,May 25 KCBT Wheat closed at $5.60 1/4, down 6 1/2 cents, Mar 25 MGEX Wheat closed at $5.95, down 5 cents,May 25 MGEX Wheat closed at $6.02 1/2, down 4 3/4 cents, On the date of publication, Austin Schroeder did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. For more information please view the Barchart Disclosure Policy here. More news from Barchart Merchandiser Insights: Understanding What Basis Moves Are Saying About Supply And Demand In Grains Are Soybeans As Bearish As Advertised? The "Yeah, but" Problem: What’s Holding The Grain Markets Back? Corn Demand in Focus: What The Cash Market May Be Trying To Say The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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