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Prices for wheat futures are falling due to increased sowing areas in the USA and forecasts of rain in the Great Plains.
Cereals
Stern
Winter crops
Wheat

Prices for wheat futures are falling due to increased sowing areas in the USA and forecasts of rain in the Great Plains.

Prices for wheat futures in the USA have dropped on all exchanges. In Chicago, the price has decreased by 10–11 cents, in Kansas City – by 6–7 cents, in Minnesota – by 5–7 cents.

17% of spring wheat has been planted in the USA, with 2% of the areas already sprouted, while winter wheat covers 15% of the areas. The quality assessment of winter wheat has decreased by 2 points to 45%. Rain is expected on the Great Plains.

22 April 2025 22 April 2025

At the beginning of the week, wheat futures prices fell on all three American exchanges. Soft red winter wheat SRW contracts in Chicago decreased by 10–11 cents: the May contract fell to $5.385 (-10.25¢), and the July contract to $5.5225 (-10¢). Hard red winter wheat HRW in Kansas City lost 6–7 cents: the May contract fell to $5.5075 (-6.75¢), and the July contract to $5.6375 (-6.25¢). Spring wheat MGEX in Minnesota fell by 5–7 cents: the May contract – $6.00 (-6.25¢), and the July contract – $6.14 (-5.25¢).

According to the Crop Progress report as of April 20, 17% of spring wheat was seeded in the US, which is above the five-year average (12%). 2% of the planted areas had emerged, in line with the norm. Winter wheat crops are at the heading stage on 15% of planted areas, which is 2 points above the average. The quality assessment of winter wheat in the good/excellent category decreased by 2 points to 45%, and the Brugler500 index decreased by 4 points to 325. It is expected that in the coming days, most of the Great Plains, from Texas to South Dakota, will expect rain.

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