Current wheat futures quotes stand at $6.20, up 1.3% from yesterday’s close. This movement is tied to fresh USDA reports forecasting lower yields in parts of Europe. Traders see potential for upside breakouts if export figures improve next quarter. In the Soybean market, merchandisers are showing us they expect a good deal of the 2025 crop to be sold at harvest. The Wheat Quality Council Tour is this week and will generate some social media reports on spring wheat prospects. The latest wheat futures quotes show a modest uptick to $6.22, driven by stronger export demand from Southeast Asia. In the commodity markets, traders believe that an unexpected spike in Ukrainian shipments could pressure prices later this week. Volume remains above the 30-day average.
