International Wheat Market
13-Sep-2025 08:14 AM
International Wheat Market
The Commitment of Traders report showed spec traders in Chicago wheat futures and options adding 10,451 contracts to their net short position, now at 92,394 contracts as of Tuesday, September 9. In Kansas City, specs reduced their net short by 1,656 contracts to 53,025 contracts.
USDA’s monthly WASDE report made no demand-side changes overall, but exports were raised 25 mbu to 900 mbu. Stocks dropped by that same amount to 844 mbu. The US cash average price was cut by 20 cents to $5.10.
Globally, wheat stocks rose 3.98 MMT to 264.06 MMT. Russia’s production was up 1.5 MMT, the EU 1.85 MMT, Canada and Ukraine each 1 MMT, and Australia saw the biggest increase of 3.5 MMT.