Wheat is trading with contracts lower in the winter wheat exchanges and steadier in the spring wheat. The wheat complex saw contracts fade lower on Wednesday. Chicago SRW contracts were steady to a penny lower at the close. Open interest dropped 11,876 contracts on Wednesday. KC HRW futures saw nearby July down a penny, with other contracts fractionally to 2 ¾ cents in the green. MPLS spring wheat was mixed, with contracts down 3 3/4 to 4 cents higher.
Rainfall from Montana to Minnesota expected over the next week, as well as much of Canada, is weighing on the spring wheat market.
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Export Sales data will be released on this morning with analysts looking for 2026/27 sales in the week of 6/18 at 250,000 to 600,000 MT.
Jul 26 CBOT Wheat closed at $5.85 3/4, down 1 cent, currently down 2 cents
Sep 26 CBOT Wheat closed at $5.96, down 1 cent, currently down 2 1/2 cents
Jul 26 KCBT Wheat closed at $6.17 1/4, down 1 cents, currently down 1 1/2 cents
Sep 26 KCBT Wheat closed at $6.25 1/2, up 1/4 cent, currently down 2 1/2 cents
Jul 26 MIAX Wheat closed at $5.84 1/4, down 3 3/4 cents, currently up 1/4 cents
Sep 26 MIAX Wheat closed at $6.17 3/4, down 3/4 cent, currently unch
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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