CBOT wheat futures close higher in rebound from contract lows

Published 2025년 5월 5일

Tridge summary

Chicago Board of Trade wheat futures experienced a rise on Friday, rebounding from recent lows due to a weaker U.S. dollar. Market participants are looking forward to the U.S. Department of Agriculture's forthcoming weekly report on winter wheat crop conditions and spring wheat plantings. The favorable weather in the Plains is expected to aid the growth of hard red winter wheat. The CBOT July soft red winter wheat closed at $5.43 per bushel, K.C. July hard red winter wheat at $5.41-1/4 per bushel, and Minneapolis July spring wheat increased to $6.11 per bushel.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Chicago Board of Trade wheat futures ended higher on Friday as the market bounced from recent contract lows, traders said. Weakness in the U.S. dollar helped support gains, they said. Traders are waiting for the U.S. Department of Agriculture to issue a weekly update on crop conditions for U.S. winter wheat and plantings of spring wheat on Monday. Rain and warm temperatures in the Plains in late May should favor growth for hard red winter wheat, forecasting firm Vaisala said. CBOT July soft red winter wheat (WN25) closed 12 cents higher at $5.43 per bushel. The contract on Wednesday set a low of $5.23-1/4. K.C. July hard red ...

Source: Hellenic Shipping News