Hard Red Winter Wheat Sep '26 (KEU26)
Hard Red Winter Wheat Futures Market News and Commentary
Wheat is trading with Monday morning gains of 2 to 4 cents across most contracts. The wheat complex fell double digits across most contracts on Friday. Chicago SRW futures were down 10 to 13 cents in most contracts, with July down 35 ¾ cents last week. Open interest rose 597 contracts on Friday. KC HRW futures were 12 to 15 1/2 cents in the red, as July fell 32 ¾ cents on the week. OI was up 1,572 contracts on Friday. MPLS spring wheat is down 12 to 13 1/2 cents on the session, with July falling 25 ¾ cents since on the week.
USDA released Export Sales data Friday, showing a total of 807,348 MT in net cancellations for old crop, a MY low. Some of that was likely rolled to 2026/27, as Japan saw net reductions of 171,600 MT, with 108,500 MT cancelled for Panama and 103,300 MT cancelled for Mexico. Â New crop business was tallied at 1.058 MMT, a MY high and 48.66% above the same week last year. Japan was the top buyer of 252,100 MT, with 166,900 MT purchased by the Philippines, and... Read more
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