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Austin Schroeder at Barchart.com said “Wheat futures are trading with mixed trade and the winter wheat stronger on Wednesday morning and spring wheat cheaper. The wheat market was back lower on Tuesday, with contracts pulling off the lows into the close. Chicago SRW futures were still down 5 to 7 cents at the close. KC HRW futures were 4 to 5 cents lower on the session. MPLS spring wheat was 7 to 9 cents in the red.” SovEcon reduced its forecast for Russia’s wheat exports in the 2024/25 season to 42.2 mmt, from 42.8 mmt, reflecting persistently slow shipments and low profitability in export operations. The USDA in their latest WASDE had Russian wheat exports pegged at 45.5 mmt. The Hightower Report said “Trump announced an aid for minerals deal with Ukraine that is expected to be signed next week. Trump also said he was willing to talk with Russia about a real for rare earths.”





