Wheat is trading with 4 to 8 cent losses early on Monday morning. The wheat complex fell back into the long weekend with losses across the three exchanges. Chicago SRW contracts were down 1 ½ to 7 ¼ cents at the close, with July still up 21 ¼ cents on the week. Open interest was down 2,302 contracts. KC HRW futures closed with losses of 4 ½ to 8 ½ cents on Thursday, as July was up 9 ½ cents on the week. OI dropped 2,628 contracts. MPLS spring wheat was mixed, down 2 ½ cents to fractionally higher, with July up 4 ¾ cents last week.
Export Sales data was released on Thursday, with a total of 400,844 MT of 2026/27 wheat sales in the week of June 11. That was down 6.16% from the same week last year. Japan was the largest buyer of 167,400 MT, with 80,300 MT sold to Mexico. There was an additional 26,900 MT reported for 2027/28 all to the Philippines.
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The French soft wheat crop was estimated at 76% gd/ex as of June 15 according to the FranceAgriMer, down 1% from the previous week. The durum crop was estimated at 64% gd/ex. Argus estimates the Ukrainian wheat crop at 24.1 MMT according to Argus, up 0.6 MMT from their previous number.
Jul 26 CBOT Wheat closed at $6.05 3/4, down 7 cents, currently down 4 3/4 cents
Sep 26 CBOT Wheat closed at $6.14, down 7 1/4 cents, currently down 4 cents
Jul 26 KCBT Wheat closed at $6.44, down 8 1/2 cents, currently down 7 1/4 cents
Sep 26 KCBT Wheat closed at $6.51 1/4, down 8 1/2 cents, currently down 7 3/4 cents
Jul 26 MIAX Wheat closed at $6.23, down 2 1/2 cents, currently down 4 1/2 cents
Sep 26 MIAX Wheat closed at $6.48 3/4, down 1/2 cent, currently down 4 1/4 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.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
