Wheat Falls on Wednesday with Black Sea News

The wheat complex saw Wednesday weakness across the three markets, pressured by Black Sea news. Chicago SRW contracts fell 7 ½ to 16 ½ cents at the close. KC HRW futures were 6 ¼ to 18 ¾ cents in the red on the day. MPLS spring wheat saw losses of 3 ¼ to 10 ¼ cents on the midweek session.

Pressure is coming from Russia’s President Putin agreeing to resume peace talks with the US and Ukraine. Grain exports out of the Black Sea have been severely restricted in the last 2 months.

USDA’s Export Sales report will be out on Thursday morning, as traders are looking for between 250,000 and 550,000 MT in 2026/27 wheat sales during the week of 10/15. Bookings for 2027/28 are expected to total 0-25,000 MT.

Dec 26 CBOT Wheat  closed at $6.28 1/4, down 15 cents,

Mar 27 CBOT Wheat  closed at $6.42 3/4, down 15 3/4 cents,

Dec 26 KCBT Wheat  closed at $6.73, down 18 cents,

Mar 27 KCBT Wheat  closed at $6.84 1/4, down 18 3/4 cents,

Dec 26 MIAX Wheat  closed at $6.52 1/2, down 10 1/4 cents,

Mar 27 MIAX Wheat  closed at $6.70, down 9 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.