Spring Wheat Mpls Jul '26 (MWN26)
Spring Wheat Mpls Futures Market News and Commentary
The wheat complex is showing higher trade across most contracts on Wednesday. Chicago SRW is trading with 4 to 5 cent gains at midday. KC HRW futures are up 1/2 to 1 ½ cents in the front months. MPLS spring wheat are fractionally to 1 ½ cents higher.
Harvest may be limited in much of the Southern Plains over the next week, as NOAA shows 1 to 3 inches expected in TX through, OK and KS.
Wheat production will be updated on Thursday via the monthly Crop Production report, with a Bloomberg estimate of analysts looking for 1.555 bbu of US wheat production. Winter heat is seen at an average guess of 1.04 bbu, an 8 mbu cut if realized. HRW is expected to be down 7 mbu to 508 mbu, the SRW up 1 mbu to 302.
Coceral estimates the EU and UK wheat crops at 143.7 MMT for this year, up 1.1 MMT from the previous projection.Â
Jul 26 CBOT Wheat  is at $5.89 1/2, up 4 1/4 cents,
Sep 26 CBOT Wheat  is at $6.01 1/2, up 4 3/4 cents,
Jul 26 KCBT Wheat  is at $6.31 1/4, u... Read more
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