Group 1: Wheat Market Performance - The wheat complex continued its rally, with Chicago SRW futures increasing by 24 ½ to 33 cents, and May futures up 25 ¼ cents this week [1] - KC HRW futures rose by 23 ½ to 31 cents, with May futures rallying 43 cents this week [1] - MPLS spring wheat saw an increase of 13 to 23 ½ cents, with May futures up 30 ¼ cents this week [1] - Crude oil futures also contributed to the support, rising by $10.22 at the close [1] Group 2: Export Sales Data - Export sales commitments reached 23.204 million metric tons (MMT), which is 95% of the USDA's estimate, close to the 97% average sales pace [2] - Shipments accounted for 75% of the USDA's export number at 18.45 MMT, ahead of the 72% average pace [2] Group 3: Managed Money Positions - Managed money added 8,503 contracts to their net short position in CBT wheat futures and options, bringing the total to 25,800 contracts [3] - In KC wheat, speculators reduced their net long position by 2,338 contracts, resulting in a total of 1,866 contracts [3] Group 4: French Wheat Crop Conditions - FranceAgriMer estimates that 84% of the French wheat crop is rated as good/excellent, consistent with the previous week's rating [3] - Durum wheat conditions remained steady at 81% [3] Group 5: Closing Prices - On March 26, CBOT Wheat closed at $6.11 ¼, up 28 ½ cents; May 26 CBOT Wheat closed at $6.16 ¾, up 33 cents [3] - KCBT Wheat closed at $6.11 ½, up 26 ¼ cents; May 26 KCBT Wheat closed at $6.23 ½, up 31 cents [3] - MIAX Wheat closed at $6.32 ½, up 23 ½ cents; May 26 MIAX Wheat closed at $6.43, up 23 ½ cents [3]

Group 1 - The wheat complex showed mixed performance ahead of the USDA reports, with Chicago SRW futures slightly lower, while KC HRW futures increased by 15 ¼ cents for the week [1] - Wheat export commitments as of January 1 reached 20.228 million metric tons (MMT), which is 18% higher than the previous year and represents 83% of the USDA estimate [2] - Export shipments totaled 15.16 MMT, marking a 21% increase from last year and accounting for 61% of the USDA's export number [2] Group 2 - The USDA's Grain Stocks report is anticipated, with analysts estimating wheat stocks at an average of 1.636 billion bushels (bbu) as of December 1, with estimates ranging from 1.59 to 1.696 bbu [3] - Managed money increased their net short positions in CBT wheat futures and options to 107,165 contracts as of January 6, while KC wheat spec traders reduced their net short positions to 15,655 contracts, the lowest since November 2024 [4] - Closing prices for various wheat futures showed slight declines, with March 26 CBOT Wheat at $5.17 1/4, down 3/4 cent, and May 26 CBOT Wheat at $5.28 3/4, down 1/4 cent [4]