U.S. wheat futures fall Monday, September CBOT down 5 cents to $6.3525 a bushel
AI Market Summary
US wheat futures softened across major exchanges as winter wheat harvest progress reached 67%, running ahead of the seasonal norm and reinforcing near-term supply availability. While weekly export shipments improved versus the prior week, they remained nearly 16% below last year, and marketing-year exports are tracking over 17% behind the same period, adding demand-side pressure to the wheat complex.
Impact level
● Low
Affected assets
NCCOWHEAT2USD/USDT-1.46%
AI Insight · NCCOWHEAT2USD/USDTAI Insight
▼ Bearish
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U.S. wheat futures fell across the board on Monday, with the CBOT September contract down 5 cents to $6.3525 per bushel and the KCBT September contract down 10 cents to $6.6625 per bushel. NASS crop progress data showed winter wheat harvest reached 67%, running 6 percentage points ahead of the long-term average. USDA’s weekly export report showed wheat exports of 373,600 tonnes for the week, down 15.97% from the same period a year earlier. Cumulative exports for the current marketing year totaled 1.893 million tonnes, down 17.32% year over year.
