Hard Red Winter Wheat Jul '26 (KEN26)
Hard Red Winter Wheat Futures Market News and Commentary
The wheat complex posted Monday gains, despite a weaker export data. Spillover support from the corn and beans was supportive. Chicago SRW contracts were 11 3/4 to 15 1/2 cents higher on Monday. KC HRW futures were up 7 ½ to 12 ¾ cents at the close. MPLS spring wheat was 8 ½ to 11 ¼ cents higher on the day.
NASS Crop Progress data showed 59% of the US winter wheat crop harvested by Sunday, 8% ahead of normal. Conditions were steady at 26% gd/ex, with the Brugler500 index up 1 point to 262. That was the final rating for the crop. Â The spring wheat crop was 54% headed, in line with the 5-year average pace. Spring wheat conditions were 57% gd/ex, down 2%, with the Brugler500 index 1 point lower to 354.
The weekly Export Inspections report showed wheat shipments of just 133,652 MT (4.91 mbu) in the week of 7/2. That was a 66.38% drop from the week prior and 74.44% below the same week last year. Mexico was the largest destination of 60,524 MT, with 35,224 MT shipped to Ecuado... Read more
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