Wheat Posts Mixed Monday Trade

The wheat complex is showing modest weakness so far at Monday’s midday. Chicago SRW contracts posted firmer Monday trade, with contracts steady to 1 ¼ cents higher. KC HRW futures were 2 to 4 cents in the red at the close. MPLS spring wheat was mixed, with front month steady to a penny higher and deferreds ½ to 3 cents lower.

The government was closed today due to the Columbus Day Holiday, with the Export Inspections and Crop Progress reports pushed to Tuesday. 

Algeria issued a tender to buy wheat, with a deadline of Tuesday. APK-Inform raised their wheat production estimate for Ukraine by 0.5 MMT to 25.5 MMT. Russia’s IKAR estimate the 2026 Russian wheat crop at 88 MMT, down 2 MMT from their previous number.

Dec 26 CBOT Wheat  closed at $6.72 1/4, up 1 1/4 cents,

Mar 27 CBOT Wheat  closed at $6.86, up 3/4 cent,

Dec 26 KCBT Wheat  closed at $7.15 1/4, down 4 cents,

Mar 27 KCBT Wheat  closed at $7.28, down 3 3/4 cents,

Dec 26 MIAX Wheat  closed at $6.96 1/4, up 1 cents,

Mar 27 MIAX Wheat  closed at $7.14 3/4, up 1/2 cent,

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.