The wheat market closed out 2025 with losses, with Chicago SRW futures down 3 to 4 cents, KC HRW futures down 7 to 8 cents, and MPLS spring wheat down 4 to 5 cents. Market will be closed on Thursday for New Years Day, reopening at 8:30 am CST on Friday.

Commitment of Traders data showed spec traders holding a net short of 91,665 contracts in CBT wheat futures as of 12/23. Managed money in KC wheat were net short 24,749 contracts. Export Sales data showed just 147,834 MT in wheat sales during the week of 12/18, down 35.83% from last week.

Mar 26 CBOT Wheat closed at $5.07, down 3 3/4 cents, May 26 CBOT Wheat closed at $5.18 1/2, down 3 1/2 cents. Mar 26 KCBT Wheat closed at $5.14 3/4, down 7 1/4 cents, May 26 KCBT Wheat closed at $5.28, down 7 cents. Mar 26 MIAX Wheat closed at $5.74, down 4 1/2 cents, May 26 MIAX Wheat closed at $5.85 1/2, down 4 1/2 cents.

Read more at Yahoo Finance: Wheat Closes Lower to Round Out 2025 Trade