Wheat Sees Gains on Tuesday
The wheat complex posted strength across the three exchanges on Tuesday. Chicago SRW contracts closed the Tuesday session with contracts 5 ¼ to 8 ½ cents higher. KC HRW futures were 2 ¾ to 6 ¼ cents higher on the day. MPLS spring wheat was up 9 to 12 1/4 cents at the close
On Monday, President Trump called for Ukraine to halt attacking Russian energy infrastructure. Both countries seemed interested in the proposal on the surface, though strikes on energy infrastructure on Tuesday seemed to counter those ideas.
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French wheat production for 2026 is estimated at 31.7 MMT according to the country’s farm ministry, down 0.2 MMT from last month. An Algeria tender was set for Tuesday, with a total of nearly 500,000 MT of wheat purchased.
Dec 26 CBOT Wheat closed at $7.28 1/2, up 6 1/2 cents,
Mar 27 CBOT Wheat closed at $7.44 1/2, up 5 1/4 cents,
Dec 26 KCBT Wheat closed at $7.96 1/4, up 3 3/4 cents,
Mar 27 KCBT Wheat closed at $8.09 3/4, up 3 cents,
Dec 26 MIAX Wheat closed at $7.49 1/2, up 12 1/4 cents,
Mar 27 MIAX Wheat closed at $7.69 1/4, up 11 3/4 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.
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