Wheat Posting Mixed Action on Wednesday
The wheat complex is mixed, but mostly lower on Wednesday. Chicago SRW contracts are showing 4 to 5 cent losses on the day. KC HRW futures are 3 to 4 cents in the red at midday. MPLS spring wheat is showing fractionally mixed action on the Wednesday session.
Export Sales data will be updated on Thursday morning, as analysts surveyed by Reuters are looking for bookings between 150,000 and 500,000 MT in the week ending on September 10.
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Canadia wheat production for 2026/27 is estimated at 36.12 MMT, down 10.9% from last year, with spring wheat dropping 10.9% to 26.452 MMT according to Stats Canada data.
Ukraine’s ag ministry estimates the 2027 winter wheat acreage at 4.5 million hectares (11.12 million acres), down 200,000 ha (490,000 acres) from last year. The FranceAgriMer estimates the French exports outside the EU at 6.3 MMT, down 0.7 MMT from their previous number, with exports within the EU at 7.1 MMT, down 0.3 MMT. They also estimate the French wheat ending stocks down 0.65 MMT to 3 MMT.
Dec 26 CBOT Wheat is at $7.24, down 4 1/2 cents,
Mar 27 CBOT Wheat is at $7.40 1/2, down 4 cents,
Dec 26 KCBT Wheat is at $7.92 1/2, down 3 3/4 cents,
Mar 27 KCBT Wheat is at $8.06, down 3 3/4 cents,
Dec 26 MIAX Wheat is at $7.49 1/4, up 3/4 cent,
Mar 27 MIAX Wheat is at $7.68 1/2, down 3/4 cent,
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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