The wheat market led the rally on Wednesday, with front‑month contracts posting double‑digit gains. Chicago SRW futures rose between 11 and 17 cents, while deferred contracts advanced 5 to 9 cents. Kansas HRW futures increased by 10½ to 18¾ cents, and Minneapolis spring wheat gained 9¾ to 13¼ cents at the close. The week will conclude on Thursday, with Friday’s market closed in observance of Juneteenth.
Export‑sales data will be refreshed on Thursday. Traders anticipate 2026/27 sales ranging from 300,000 to 700,000 metric tons, according to a Reuters survey of analysts.
FranceAgriMer now estimates French wheat ending stocks at 3.5 million metric tons, up 0.22 million tons from the May forecast.
Algeria has reportedly secured approximately 800,000 metric tons of wheat through a tender on Wednesday.
July 26 CBOT Wheat closed at $6.12 ¾, up 16 ¾ cents.
September 26 CBOT Wheat closed at $6.21 ¼, up 17 cents.
July 26 KCBT Wheat closed at $6.52 ½, up 18 ¾ cents.
September 26 KCBT Wheat closed at $6.59 ¾, up 18 ¾ cents.
July 26 MIAX Wheat closed at $6.26 ½, up 13 ¼ cents.
September 26 MIAX Wheat closed at $6.48 ¼, up 13 ¼ 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 are provided solely for informational purposes.
Also Read
- Iran War Update: Strategic Agreement Signed to Reshape Regional Dynamics and Open Key Maritime Routes
- Finland’s parliament votes to lift decades-old ban on nuclear weapons in historic NATO defense shift
- NYT Pips Puzzle Solutions and Walkthrough for June 18
- Trump calls Iran’s missile shortfall unfair compared to regional rivals