Wheat Slipping back to Mixed Action on Thursday
The wheat complex is showing mixed action across the three exchanges on Thursday. Chicago SRW contracts are steady to a penny higher at midday. KC HRW futures are slipping back 2 to 3 cents on the session. MPLS spring wheat is up 5 to 6 cents so far on the day.
The weekly USDA Export Sales report showed a total of 393,655 MT of 2026/27 wheat sales in the week ending on August 13, on the higher side of the estimates looking for a range of 200,000 to 450,000 MT. That was the third highest for the marketing year but still 24.26% below the same week last year.
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Monthly International Grains Council data showed production down 4 MMT to 817 MMT, with use slipping down 2 MMT to 826 MMT. Stocks for 2026/27 were trimmed by 4 MMT to 275 MMT.
Sep 26 CBOT Wheat is at $6.80 1/4, unch,
Dec 26 CBOT Wheat is at $6.98 1/2, up 1 cent,
Sep 26 KCBT Wheat is at $7.59 1/4, down 2 3/4 cents,
Dec 26 KCBT Wheat is at $7.74, down 2 3/4 cents,
Sep 26 MIAX Wheat is at $7.00, up 6 cents,
Dec 26 MIAX Wheat is at $7.25 3/4, up 5 1/2 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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