The wheat complex continued their slide this week, the three markets falling lower on the midweek session. Chicago SRW futures were down 9 ½ to 11 ¼  cents on Wednesday. KC HRW contracts posted 4 to 6 ½ cent losses on the day. MPLS spring wheat was 5 ¼ to 8 cents in the red to close the day. A stronger US dollar index continues to plague the market, up another 475 points on the day.

Rains continue to break into the 7 day forecast, with much of the Southern Plains and Eastern half of the country having 1 to 2 inches expected to fall.

Russia’s Rusagrotrans expects to see the country’s 2025/26 wheat crop acreage to drop to the smallest since 2018/19 at 15.4 million hectares (38.1 million acres). The Rosario Grain Exchange estimates the Argentina wheat crop at 18.8 MMT, a 0.7 MMT decrease from the previous estimate.

Dec 24 CBOT Wheat  closed at $5.41, down 11 1/4 cents,

Mar 25 CBOT Wheat  closed at $5.56 1/2, down 10 1/2 cents,

Dec 24 KCBT Wheat  closed at $5.40 3/4, down 5 3/4 cents,

Mar 25 KCBT Wheat  closed at $5.54 3/4, down 6 cents,

Dec 24 MGEX Wheat  closed at $5.71, down 6 3/4 cents,

Mar 25 MGEX Wheat  closed at $5.93 1/4, down 7 1/4 cents,