Spring Wheat Mpls Jul '26 (MWN26)
Spring Wheat Mpls Futures Market News and Commentary
Wheat is trading higher on Friday AM trade, with the three exchanges posting gains. The wheat complex extended the weakness on Thursday, with losses across the three markets. Chicago SRW futures fell 5 1/2 to 7 1/2 cents on Thursday. Open interest was down 1,699 contracts, mainly in the July contract (-10,636 contracts). KC HRW futures were 3 to 5 cents in the red at the close. OI dropped 5,984 contracts on Thursday. MPLS spring wheat was fractionally to 5 ¼ cents lower on Thursday. Crude oil losses of $3.11 added some pressure.
USDA Export Sales data showed 642,239 MT in net cancellation for 2025/26 for the week of 5/28. The marketing year ended on Sunday. The Philippines showed net cancellations of 224,100 MT, with 155,200 MT in reductions for unknown, and -104,900 MT for Japan. Sales for 2026/27 were tallied at 838,507 MT, as some of the old crop cancellation was likely rolled to new crop. The largest new crop buyers were South Korea at 202,100 MT, with 156,000 MT for the P... Read more
Barchart · Fri Jun 5, 7:32AM CDT
Soybeans are relatively steady on Friday AM Trade after the Thursday collapse, with contracts fractionally mixed. Futures fell 20 to 27 cents across most...
Barchart · Fri Jun 5, 7:32AM CDT
Wheat is trading higher on Friday AM trade, with the three exchanges posting gains. The wheat complex extended the weakness on Thursday, with losses across...
Barchart · Fri Jun 5, 7:32AM CDT
Corn prices are down another 1 to 2 cents so far on Friday morning after a week of losses. Futures continued their death spiral liquidation from the last...
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