Wheat Mixed Early on Tuesday

Wheat is showing mixed trade so far on Tuesday morning, with Chicago the weakest and Spring wheat the firmest. The wheat complex is showing modest weakness so far at Monday’s midday. Chicago SRW contracts posted firmer Monday trade, with contracts steady to 1 ¼ cents higher. Open interest was up 1,548 contracts. KC HRW futures were 2 to 4 cents in the red at the close. OI rose 2,551 contracts on Monday. MPLS spring wheat was mixed, with front month steady to a penny higher and deferreds ½ to 3 cents lower.

The Export Inspections and Crop Progress reports will be released later today due to the federal holiday from Monday.  

Algeria issued a tender to buy wheat, with a deadline of Tuesday. Nothing has been announced for the tender total. The French farm ministry estimates the 2026 wheat crop at 31.5 MMT, a 0.2 MMT drop from last month. 

Dec 26 CBOT Wheat closed at $6.72 1/4, up 1 1/4 cents, currently down 2 1/2 cents

Mar 27 CBOT Wheat closed at $6.86, up 3/4 cent, currently down 2 1/2 cents

Dec 26 KCBT Wheat closed at $7.15 1/4, down 4 cents, currently up 1/2 cent

Mar 27 KCBT Wheat closed at $7.28, down 3 3/4 cents, currently unch

Dec 26 MIAX Wheat closed at $6.96 1/4, up 1 cents, currently up 2 1/2 cents

Mar 27 MIAX Wheat closed at $7.14 3/4, up 1/2 cent, currently up 1 cent