Wheat Market Takes a Breather Ahead of Holiday Trading

PerennialLeek · 2025-12-22T18:34:43+00:00

Wheat futures saw mixed results as traders anticipated a shortened week due to Thanksgiving. Chicago's soft red winter wheat and Kansas City hard red futures gained, while Minneapolis spring wheat fell. A South Korean buyer's recent purchase of U.S. wheat highlights continued international demand.

PerennialLeek

2025-12-22 18:34:43

Abstract generation in progress

The wheat futures complex showed mixed performance Wednesday as traders prepared for a shortened week. Chicago’s soft red winter wheat contracts edged up 1-2 cents, while Kansas City hard red winter futures gained ground with a 4-cent advance. Minneapolis spring wheat, however, retreated 2-4 cents on the day, signaling divergent sentiment across the three major exchanges.

Key Dates and Trading Signals

Friday represents first notice day for December contracts—a critical juncture for market participants holding positions. The trading week presents unique challenges: markets will shut down Thursday for Thanksgiving, reopening Friday at 8:30 CST with an early close. Traders should mark their calendars for delayed export sales data releasing Friday morning, which will reveal weekly wheat movement for the October 16 period. Market consensus points toward 350,000-650,000 MT of wheat sales during that week.

International Demand Snapshot

A South Korean buyer just secured 91,300 MT of U.S. wheat alongside 40,000 MT from Canada through tender, underscoring ongoing Asian appetite for North American supplies. This purchase activity provides a backdrop for assessing export momentum heading into the data release.

Contract-by-Contract Breakdown

CBOT December wheat settled at $5.29, up 1.75 cents, while March delivery hit $5.40.50, gaining 1.25 cents. KCBT December closed at $5.17.25, ahead 4 cents, with March at $5.30, up 1.75 cents. MGEX December retreated to $5.77.50, down 3.5 cents, while March settled at $5.79.50, losing 2.25 cents.

The mixed tape across contracts reflects positioning ahead of holiday closures—traders rebalancing before Thursday’s market shutdown and adjusting for the compressed Friday session.

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