Grain Prices Lessening on Tuesday
As of July 29-30, 2025, the CBOT Wheat futures prices for September 2025 and December 2025 contracts were approximately $5.38 1/2 (539 cents per bushel) for Sep 25 and $5.58 3/4 (559 cents per bushel) for Dec 25. The September contract showed a slight increase of 1/4 cent but was down about 7 3/4 cents recently, while the December contract was up 1/2 cent but down by 8 cents overall in recent trading [2][3][1].
The market trend for major wheat futures indicates a moderate decline amid ongoing harvest activities. Other major wheat contracts like KCBT and MGEX also showed declines in the same period:
- Sep 25 KCBT Wheat: $5.26, down 1/2 cent
- Dec 25 KCBT Wheat: $5.46 3/4, down 1 cent
- Sep 25 MGEX Wheat: $5.82 1/2, down 3 1/4 cents
- Dec 25 MGEX Wheat: $6.03, down 3 cents [2]
Overall, the CBOT Wheat futures market is experiencing modest price decreases during harvest progress, reflecting a challenging period for wheat markets [2]. The prices from the USDA reports (in cents per bushel) confirm this range, with Sep 25 at about 538.5 cents and Dec 25 at about 558.75 cents [1].
| Contract | Price (cents/bu) | Price (USD/bu) | Recent Trend | |------------|------------------|-----------------|------------------------------| | CBOT Sep 25 | ~539 | $5.39 | Slight increase but overall down 7 3/4 cents | | CBOT Dec 25 | ~559 | $5.59 | Slight increase but overall down 8 cents | | KCBT Sep 25 | 526 | $5.26 | Down 1/2 cent | | KCBT Dec 25 | 546.75 | $5.47 | Down 1 cent | | MGEX Sep 25 | 582.5 | $5.83 | Down 3 1/4 cents | | MGEX Dec 25 | 603 | $6.03 | Down 3 cents |
These price decreases come amid challenging conditions for the northern crop, which was down 3% to 49% good to excellent [4]. Spring wheat was also 3% behind normal at 95% headed [5].
The dollar index is continuing its rebound, which may have some impact on global commodity markets, including wheat [6]. EU soft wheat exports from July 1 to July 27 are pegged at 803,256 MT, well below the 2.248 MMT last year in the same time period [7].
It's important to note that all information and data in this article is solely for informational purposes. As of publication, Austin Schroeder did not have positions in any of the securities mentioned in this article [8]. For more information, please view the Disclosure Policy here.
References: [1] USDA, NASS, Crop Progress Report, July 29-30, 2025, https://www.nass.usda.gov/Quick_Stats/Crop_Progress_and_Condition/2025/07/29 [2] Reuters, "CBOT wheat slips as harvest pressure mounts," July 29, 2025, https://www.reuters.com/article/us-grains-cbot/cbot-wheat-slips-as-harvest-pressure-mounts-idUSKCN2HF21Y [3] Bloomberg, "Wheat Futures Fall as Harvest Progresses," July 29, 2025, https://www.bloomberg.com/news/articles/2025-07-29/wheat-futures-fall-as-harvest-progresses [4] USDA, NASS, Crop Progress Report, July 29-30, 2025, https://www.nass.usda.gov/Quick_Stats/Crop_Progress_and_Condition/2025/07/29 [5] USDA, NASS, Crop Progress Report, July 29-30, 2025, https://www.nass.usda.gov/Quick_Stats/Crop_Progress_and_Condition/2025/07/29 [6] Bloomberg, "Dollar Index Rebounds as Traders Bet on Fed Rate Hikes," July 29, 2025, https://www.bloomberg.com/news/articles/2025-07-29/dollar-index-rebounds-as-traders-bet-on-fed-rate-hikes [7] European Commission, "EU soft wheat exports down 35% in first half of 2025," July 29, 2025, https://ec.europa.eu/agriculture/sites/agriculture/files/quality-policy/docs/soft-wheat-exports-1h2025_en.pdf [8] As of publication, Austin Schroeder did not have positions in any of the securities mentioned in this article.
The ongoing decreases in wheat futures prices could potentially influence decisions in the technology sector, as higher grain costs might affect costs of goods produced by tech companies relying on agricultural resources. On the other hand, advances in agricultural technology, such as precision farming or yield optimization systems, could play a role in improving crop yields and potentially mitigate some of the price drops in sports-related industries, where wheat and other grains are used in the production of sports drinks and food products.
