Wheat Starting Wednesday with Weakness

Wheat is trading with early losses on Wednesday across the three markets. 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. Open interest was down 920 contracts on Tuesday. KC HRW futures were 2 ¾ to 6 ¼ cents higher on the day. OI slipped back just 768 contracts, 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.

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, currently down 2 cents

Mar 27 CBOT Wheat  closed at $7.44 1/2, up 5 1/4 cents, currently down 2 1/4 cents

Dec 26 KCBT Wheat  closed at $7.96 1/4, up 3 3/4 cents, currently down 2 cents

Mar 27 KCBT Wheat  closed at $8.09 3/4, up 3 cents, currently down 2 cents

Dec 26 MIAX Wheat  closed at $7.49 1/2, up 12 1/4 cents, currently up 1 1/4 cents

Mar 27 MIAX Wheat  closed at $7.69 1/4, up 11 3/4 cents, currently up 1 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.