International Wheat Market

14-Jun-2025 08:08 AM

International Wheat Market
Weekly CFTC data showed managed money reduced 6,561 contracts from their large net short position in Chicago wheat futures and options. As of Tuesday, their net short position stood at 94,011 contracts. In Kansas City wheat, they also reduced 3,064 contracts from their large net short, bringing the net short position to 74,964 contracts by June 10. According to USDA Export Sales data, 2025/26 commitments are at 5.191 million metric tons, the largest for the first week of the marketing year since 2019/20. This represents 26.4 percent of USDA’s projection updated on Thursday, compared to the five-year average of 24 percent. The French soft wheat crop was rated 70 percent good to excellent according to FranceAgriMer estimates, a one-point improvement from the previous week.