Wheat prices slipped 3 to 8 cents during Friday’s early session, with the overall wheat complex posting mixed movements across the three exchanges. On Thursday, Chicago SRW contracts edged up by up to 2.5 cents, while Kansas City HRW futures experienced modest gains in nearby contracts and weaker performance in deferred months. Open interest rose by 6,090 contracts, and Minneapolis spring wheat rose by 6.75 to 9 cents. Additionally, September futures options are set to expire today.
According to the latest USDA Export Sales weekly report, 393,655 metric tons of 2026/27 wheat were sold during the week ending August 13. This figure ranks as the third‑highest weekly total for the marketing year, though it remains 24.26% below the corresponding week last year. Mexico topped buyer activity with 105,000 metric tons, followed by Taiwan, which purchased 97,200 metric tons.
The most recent International Grains Council monthly data indicate that global wheat production was revised downward by 4 million metric tons to 817 million metric tons, while consumption was adjusted down 2 million metric tons to 826 million metric tons. Consequently, projected ending stocks for 2026/27 were trimmed by 4 million metric tons, settling at 275 million metric tons.
On September 26, CBOT wheat settled at $6.8275, reflecting a gain of 2.5 cents earlier in the session, though it was later down 3.75 cents.
December 26 CBOT wheat closed at $7.00, having risen 2.5 cents earlier, but was later down 4 cents.
On September 26, KCBT wheat settled at $7.6225, edging up 0.25 cent, but subsequently fell 8.25 cents.
December 26 KCBT wheat closed at $7.765, slipping 0.25 cent, and later declined 7.5 cents.
September 26 MIAX wheat settled at $7.0175, climbing 6.75 cents earlier, but then slid 6.75 cents.
December 26 MIAX wheat closed at $7.2875, gaining 7.5 cents earlier, but was later down 5.75 cents.
