Wheat Faces Tuesday Weakness
The wheat complex was lower on the Tuesday session, led by the HRW contracts. Chicago SRW contracts saw Tuesday losses of 6 ¼ to 8 ¾ cents across the board. KC HRW futures were down 8 ½ to 11 cents on the session. MPLS spring wheat posted losses of 6 ¼ to 8 ¼ cents at the close.
NASS Crop Progress data showed 83% of the US winter wheat crop planted as of 11/1, 1% shy of the 5-year average. Emergence was at 65%, matching the normal pace. Condition ratings were released, coming in at 44% good/excellent, with a Brugler500 index score (100-500 point scale using all 5 USDA categories) at 327. That was 1 point below last year’s initial rating, but above the 313 initial rating in the fall of 2025.
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Russia’s IKAR estimates the country’s wheat exports for 2026/27 at 39.5 MMT, down 2.5 MMT from their previous number.
Dec 26 CBOT Wheat closed at $5.99 3/4, down 6 3/4 cents,
Mar 27 CBOT Wheat closed at $6.10 3/4, down 8 3/4 cents,
Dec 26 KCBT Wheat closed at $6.36 1/4, down 9 3/4 cents,
Mar 27 KCBT Wheat closed at $6.44 1/2, down 10 1/2 cents,
Dec 26 MIAX Wheat closed at $6.20 1/2, down 6 1/4 cents,
Mar 27 MIAX Wheat closed at $6.36 1/2, down 7 1/4 cents,
On the date of publication, Austin Schroeder did not directly have a position in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. For more information please view the Barchart Disclosure Policy here.
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