Wheat Dec '26 (ZWZ26)
Wheat Futures Market News and Commentary
The wheat complex faced some weakness on Tuesday, with CBT trying to hold up.  Chicago SRW contracts were mixed, with front months fractionally to 2 ½ cents higher and deferreds steady to 3 ¾ cents lower. KC HRW futures were down 2 3/4 to 7 ¾ cents. MPLS spring wheat was 1 to 4 ¾ cents lower.
Weekly NASS Crop Progress data showed 81% of the US winter wheat crop harvested by Sunday, 2% ahead of normal. The spring wheat crop was 92% headed, 1% behind the 5-year average pace, with 2% of the crop harvested. Spring wheat conditions were steady at 53% gd/ex, with the Brugler500 index another 3 points lower to 342. Improvement was noted in MT (+36), with WA up 6 and ID steady. Deterioration was seen in MN (-3), ND (-17) and SD (-33).
SovEcon estimates the Russian wheat export total at 44.6 MMT, a 1.9 MMT drop from the previous number. EU soft wheat exports for much of the month of July (1-26) are seen at 0.57 MMT according to European Commission data, down 0.89 MMT from the sam... Read more
Walsh Trading · Tue Jul 28, 7:42PM CDT
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Walsh Trading · Tue Jul 28, 7:19PM CDT
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