Wheat Prices Surge on Strong Exports

Wheat markets surged on Monday, with Chicago soft red winter, Kansas City hard red winter, and Minneapolis spring wheat all posting gains. Export inspections soared, with Mexico, Japan, Thailand, and China leading the way. Marketing year shipments are up twenty-three percent from last year, and export sales for the week ended December fourth totaled three hundred eighty-one thousand five hundred thirty-two metric tons. Algeria launched a tender for fifty thousand metric tons of durum wheat. These strong exports are boosting wheat prices, and more demand signals are expected in the coming days.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.