Wheat Sep '26 (ZWU26)
Wheat Futures Market News and Commentary
The wheat complex found some footing for the bulls, as all three exchanges were higher. Chicago SRW contracts were 1 3/4 to 11 1/4 cents higher across the board, led by the nearbys. KC HRW futures were up 10 to 11 ¼ at the close. MPLS spring wheat was 4 to 6 cents higher on the day.Â
USDA reported a private export sale of 100,000 MT of HRS wheat to Nigeria this morning for 2026/27.
All wheat acres were tallied at 42.74 million acres in this morning’s NASS Acreage report, well below the 43.8 million acre average trade estimate and 1.035 million below March Intentions data. That came mainly on a drop to the winter wheat number, down 890,000 acres from March to 31.52 million. Harvested acres for winter wheat was down 805,000 acres to 21.12 million. Spring wheat acres were tallied just below estimates at 9.39 million acres, with durum at 1.83 million acres and shy of trade ideas.Â
Quarterly Grain Stocks data showed 920 million bushels of wheat stocks on June 1, also th... Read more
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