Wheat Facing Tuesday Pressure
The wheat complex is showing losses across the three exchanges at midday. Chicago SRW are down 5 to 6 cents at midday. KC HRW futures are 8 to 9 cents in the red so far. MPLS spring wheat is down 7 to 8 cents at on the session.
Tensions in the Black Sea remain high, as strikes on energy infrastructure continues.
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This week’s NASS Crop Progress report showed 96% of the US spring wheat crop harvested by Sunday, even with the average pace. The winter wheat crop was lagging the 5 year average for planting pace by 4 percentage points at 17% complete. Emergence was at 2%.
The Buenos Aires Grain Exchange estimates the 2026/27 Argentina wheat crop 23.4 MMT, which would be a decline from the 27.8 MMT from last year. EU wheat exports from July 1 to September 20 was estimated at 6.3 MMT according to the European commission, ahead of the 6.19 MMT last year.
Dec 26 CBOT Wheat is at $7.21 1/4, down 5 1/2 cents,
Mar 27 CBOT Wheat is at $7.37 1/4, down 5 1/2 cents,
Dec 26 KCBT Wheat is at $7.85 3/4, down 8 3/4 cents,
Mar 27 KCBT Wheat is at $7.99 1/2, down 8 1/4 cents,
Dec 26 MIAX Wheat is at $7.38 3/4, down 7 1/2 cents,
Mar 27 MIAX Wheat is at $7.60 1/2, down 7 cents,
On the date of publication, Austin Schroeder did not have (either directly or indirectly) positions 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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