Hard Red Winter Wheat Sep '26 (KEU26)
Hard Red Winter Wheat Futures Market News and Commentary
Wheat is extending the bounce from Monday, with early Tuesday double digit gains. The wheat complex closed Monday with gains across all three markets. Chicago SRW was 10 ¾ 15 cents higher across the board on Monday. Open interest suggested new buying, up 2,947 contracts, mainly in December (+4,057) KC HRW futures were up 8 ½ to 12 ¼ cents at the close, with front month may up a penny. There were 6 deliveries against May KC wheat overnight, with 2 issued for May CBT wheat. MPLS spring wheat were up 5 to 10 1/4 cents at the close.Â
Crop Progress data showed the US spring wheat crop at 53% planted, now 2 percentage points ahead of the pace from the last 5 years (51%). Emergence was pegged at 23%. The winter wheat crop was at 61% headed, which was 16 percentage points head of normal. Condition ratings were down 3% to 28% gd/ex, all shifting to very poor ratings. Brugler500 index was down 9 points to 277.
Monday morning’s Export Inspections report showed 511,436 MT (18.79 mbu... Read more
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