The wheat complex fell back lower on Thursday, slipping into the close. Chicago SRW contracts were steady to 2 ¼ cents in the red. KC HRW futures saw fractional to 3 cent losses across most contracts at the close. MPLS spring wheat saw weaker front month action, down 3 ¼ to 4 ¼ cents in the nearbys.
Early on Thursday morning Ukraine proposed a truce with Russia to stop attacking civilian targets on the Black Sea. Very little in terms of a response from Russia has been reported.
Weekly Export Sales data from this morning showed net sales of 255,931 MT, which was in the middle of the trade ideas for between 200,000 and 500,000 MT in 2026/27 sales in the week of 8/6. That was the second lowest total for the marketing year and down 64.59% from the same week last year. Mexico was the top buyer of 101,100 MT, with 87,700 MT sold to South Korea.
Sep 26 CBOT Wheat closed at $6.52 3/4, unch,
Dec 26 CBOT Wheat closed at $6.68 1/4, down 1 1/2 cents,
Sep 26 KCBT Wheat closed at $7.20 1/2, down 1/4 cent,
Dec 26 KCBT Wheat closed at $7.34 3/4, down 3 cents,
Sep 26 MIAX Wheat closed at $6.69 1/4, down 3 3/4 cents,
Dec 26 MIAX Wheat closed at $6.94 3/4, down 4 1/4 cents,
On the date of publication, Austin Schroeder did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. For more information please view the Barchart Disclosure Policy here.
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