The wheat complex posted mixed action across the three exchanges on Thursday. Chicago SRW contracts were fractionally to 2 ½ cents higher on the day. KC HRW futures closed the day with fractionally mixed trade in the nearbys and weaker in the deferreds. MPLS spring wheat was up 6 3/4 to 9 cents on the day.
The weekly USDA Export Sales report showed a total of 393,655 MT of 2026/27 wheat sales in the week ending on August 13. That was the third highest for the marketing year but still 24.26% below the same week last year. The top buyer was Mexico at 105,000 MT, with 97,200 MT sold to Taiwan.
Monthly International Grains Council data showed production down 4 MMT to 817 MMT, with use slipping down 2 MMT to 826 MMT. Stocks for 2026/27 were trimmed by 4 MMT to 275 MMT.
Sep 26 CBOT Wheat closed at $6.82 3/4, up 2 1/2 cents,
Dec 26 CBOT Wheat closed at $7.00, up 2 1/2 cents,
Sep 26 KCBT Wheat closed at $7.62 1/4, up 1/4 cent,
Dec 26 KCBT Wheat closed at $7.76 1/2, down 1/4 cent,
Sep 26 MIAX Wheat closed at $7.01 3/4, up 6 3/4 cents,
Dec 26 MIAX Wheat closed at $7.28 3/4, up 7 1/2 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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