Wheat Facing Friday Weakness on Black Sea Pressure

The wheat complex is showing losses across the three markets on Friday. Chicago SRW contracts are falling back 4 to 6 cents so far on the session. KC HRW futures were fare trading with 1 to 2 cent losses on Friday. MPLS spring wheat is back down 4 to 6 cents at midday.

President Trump indicated Russia and Ukraine are close to a deal overnight. 

Overnight, an Illinois based company, Hang Tung Resources, signed deals with Chinese buyers worth $600 million of wheat and sorghum.

The weekly Export Sales report has total wheat export business at 12.18 MMT for 2026/27, down 28% from a year ago. That is 60% of the USDA export projection and lags the 67% average pace from the last 5 years. 

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.

The French wheat crop is estimated at 84% planted as of November 2 according to FranceAgriMer, ahead of the 77% pace from last year.

Dec 26 CBOT Wheat  is at $5.93 1/4, down 6 cents,

Mar 27 CBOT Wheat  is at $6.05, down 4 3/4 cents,

Dec 26 KCBT Wheat  is at $6.33 3/4, down 2 cents,

Mar 27 KCBT Wheat  is at $6.41 1/2, down 1 1/2 cents,

Dec 26 MIAX Wheat  is at $6.15 1/2, down 4 1/2 cents,

Mar 27 MIAX Wheat  is at $6.32, down 5 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.