Wheat Holds onto Thursday Gains

The wheat complex posted gains across the three markets on Thursday. Chicago SRW contracts were up fractionally in the front months and down fractionally to 1 1/2 cents at the close. KC HRW futures were fractionally to 3 ½ cents higher on the session. MPLS spring wheat was 3 ¼ to 11 cents in the green on the day.

The weekly Export Sales report from this morning pegged 2026/27 wheat sales at 538,028 MT. That was down from last week’s marketing year high, but was still the second largest total for this MY and 6.45% above the same week last year. The Philippines was the top buer of 119,000 MT, with 100,000 MT sold to South Korea. Sales for 2026/27 were tallied at 19,200 MT, with 16,000 MT sold to Peru.

USDA’s monthly WASDE report will be released on Tuesday, with Bloomberg survey of analysts looking for US wheat stocks to be raised by 4 mbu to 744 mbu.

Dec 26 CBOT Wheat  closed at $5.99 1/4, up 3/4 cent,

Mar 27 CBOT Wheat  closed at $6.09 3/4, up 1/4 cent,

Dec 26 KCBT Wheat  closed at $6.35 3/4, up 3 cents,

Mar 27 KCBT Wheat  closed at $6.43, up 3 1/4 cents,

Dec 26 MIAX Wheat  closed at $6.20, up 3 1/4 cents,

Mar 27 MIAX Wheat  closed at $6.38 1/2, up 4 1/2 cents,

On the date of publication, Austin Schroeder did not directly have a position 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.