Spring Wheat Mpls Mar '26 (MWH26)
Spring Wheat Mpls Futures Market News and Commentary
The wheat complex is trading with sharp midday gains across the three exchanges. Chicago SRW contracts were 13 ¾ to 22 ½ cents higher across the board on the day. KC HRW futures posted 14 ½ to 21 ¾ cent gains at the close. MPLS spring wheat was 13 to 15 1/4 cents higher.
Overnight, there were Ukrainian drone strikes on Russia’s Novorossiysk port, halting operations at the country’s largest port. Russia responded this morning by striking a vessel in Ukraine’s Odesa port.
NASS Crop Production data from this morning showed 1.531 bbu of wheat output for 2026, down 5 mbu from July. Winter wheat was steady with last month at 990 mbu, with HRW at 463, mbu, down 8 mbu, with SRW unchanged at 287 mbu. Spring wheat was tallied at 474 mbu, down just 1 mbu from last month, with durum at 66 mbu and dropping 5 mbu.
WASDE data tallied ending stocks for 2026/27 at 717 mbu, down 5 mbu due to the production reduction. World ending stocks were raised by 0.41 MMT to 273.25 MMT. That... Read more
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