CBOT wheat ends higher ahead of monthly USDA report

CHICAGO, June 10 (Reuters) - Chicago Board of Trade wheat futures closed higher on Wednesday for a third straight session, consolidating a few cents above multi-month lows set this week, as traders positioned for a monthly supply-demand report due from the U.S. Department of Agriculture on Thursday.

  • CBOT July soft red winter wheat WN26 settled up 2-1/4 cents at $5.87-1/2 per bushel, holding above a three-month low set on Monday at $5.76-3/4.

  • K.C. July hard red winter wheat KWN26 ended down 1/4 cent at $6.30-1/2 per bushel while Minneapolis July spring wheat MWEN26 rose 1/2 cent to finish at $6.18 a bushel.

  • Ahead of Thursday's monthly supply-and-demand report from the U.S. Department of Agriculture, analysts surveyed by Reuters, on average, expect the USDA to trim its U.S. wheat production forecasts.

  • For Thursday's weekly USDA export sales report, traders expected the government to show net sales of U.S. new-crop wheat in the week ended June 4 at 200,000 to 600,000 metric tons.

  • Grain trade association Coceral raised its forecast of 2026 soft wheat production in the European Union and Britain to 143.7 million metric tons, against 142.6 million projected in March.


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