Wheat Sep '26 (ZWU26)
Wheat Futures Market News and Commentary
Wheat is showing 3 to 5 cent gains so far on Wednesday morning. The wheat complex found late session strength on Tuesday. Chicago SRW contracts were 3 ¼ to 7 ¼ cents in the green on the day. Open interest rose 3,610 contracts on Tuesday. KC HRW futures were 1 ¼ to 4 ¾ cents higher at the close. There were 4 deliveries against July futures overnight. MPLS spring wheat was up 1 ¼ to 4 ½ cents in most contracts, as nearby July was 11 ½ cents higher.
NASS Crop Progress data showed 59% of the US winter wheat crop harvested by Sunday, 8% ahead of normal. Conditions were steady at 26% gd/ex, with the Brugler500 index up 1 point to 262. That was the final rating for the crop. The average of the major HRW states was at 209, with SRW states at 360.
The spring wheat crop was 54% headed, in line with the 5-year average pace. Spring wheat conditions were 57% gd/ex, down 2%, with the Brugler500 index 1 point lower to 354. Ratings in MT were up 16 points, with SD up 2. Deterioration wa... Read more
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I am Stephen Davis, senior market strategist at Walsh Trading, Inc., Chicago, Illinois. You can reach me at 312-878-2391. The wheat market today showed...
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