Wheat Futures Set for Strong Friday Session as Export Demand Accelerates

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Wheat markets are positioning for an active open at 8:30 am CST on Friday, building on momentum from Wednesday’s multi-exchange rally. The grain complex demonstrated notable strength across all three major venues, with Chicago SRW wheat advancing 4-6 cents while Kansas City HRW moved higher by 5-6 cents. Minneapolis spring wheat held steady with modest upside of a penny.

Export Data Signals Robust Demand Picture

The standout driver for wheat’s recent performance lies in impressive export commitment figures. As of December 11, wheat export sales reached 19.855 million metric tons—a striking 22% advantage compared to the same period last year. This pace represents 81% of the USDA’s full-year marketing projection, outpacing the historical 79% average sales trajectory. The combination of strong international demand and manageable supply conditions continues to underpin price floors across the complex.

Price Action and Futures Quotes

Friday’s trading opportunities reflect the strength displayed:

  • CBOT March 26 Wheat: Closed at $5.21 3/4, advancing 4 3/4 cents
  • CBOT May 26 Wheat: Closed at $5.32 1/4, up 5 cents
  • KCBT March 26 Wheat: Closed at $5.34, gaining 6 cents
  • KCBT May 26 Wheat: Closed at $5.46, up 6 cents
  • MGEX March 26 Wheat: Closed at $5.80 1/4, unchanged
  • MGEX May 26 Wheat: Closed at $5.90 1/4, unchanged

Open interest declined by 3,571 contracts on Wednesday, suggesting some position-taking ahead of the Friday session.

Weather and Supply Backdrop

The seven-day forecast presents a mixed precipitation outlook for Plains wheat-growing regions. While some areas anticipate above-normal moisture, the broader pattern supports the fundamental tightness that has characterized wheat markets. This balance between supportive demand and managed supply expectations provides the framework for Friday’s trading environment.

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