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CBOT wheat ends lower on USDA data release

ReutersApr 10, 2025 8:25 PM

- Chicago Board of Trade wheat futures closed down on Thursday as the U.S. Department of Agriculture released its monthly supply and demand report.

  • CBOT May soft red winter wheat WK25 settled down 4-1/4 cents at $5.38 per bushel.

  • K.C. May hard red winter wheat KWK25 ended down 10 cents at $5.58 per bushel, and Minneapolis May spring wheat MWEK25 lost 6-3/4 cents to finish at $6.02 a bushel.

  • The USDA reported U.S. wheat ending stocks at 846 million bushels, up from its March estimate of 819 million.

  • Analysts, on average, expected the agency to put wheat ending stocks at 825 million bushels, according to a Reuters poll.

  • Turkey resumed purchases of Russian wheat this year after lifting import restrictions in March, data released on Wednesday showed, and within the space of a month became the third-largest importer.

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