Wheat Markets Surge Before Holiday Break

Wheat markets surged on Wednesday, with gains across all three major exchanges. Chicago soft red winter futures led the charge, climbing four to six cents higher. Kansas City hard red winter contracts also rose, while Minneapolis spring wheat remained steady. Key closes showed strong performance, with March and May contracts setting new highs. Export sales are driving optimism, with commitments through December eleventh totaling nineteen point eight five five million metric tons, twenty-two percent ahead of last year. Markets will be closed on Thursday for Christmas, reopening on Friday with bullish momentum carrying into the new year.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.