Wheat Posting Tuesday Losses

The wheat complex is falling back on the Tuesday session. Chicago SRW contracts are posting midday weakness of 3 to 5 cents on Tuesday. KC HRW futures are down 6 to 7 ½ cents on the session. MPLS spring wheat is trading with 4 to 5 cent losses at midday.

NASS Crop Progress data showed 83% of the US winter wheat crop planted as of 11/1, 1% shy of the 5-year average. Emergence was at 65%, matching the normal pace. Condition ratings were released, coming in at 44% good/excellent, with a Brugler500 index score (100-500 point scale using all 5 USDA categories) at 327. That was 1 point below last year’s initial rating, but above the 313 initial rating in the fall of 2025.

The quarterly NASS Flour Milling report showed a total of 227 mbu of wheat ground for flour in July through September. That was 4.4 mbu shy of the same quarter last year.

Russia’s IKAR estimates the country’s wheat exports for 2026/27 at 39.5 MMT.

Dec 26 CBOT Wheat  is at $6.03 1/2, down 3 cents,

Mar 27 CBOT Wheat  is at $6.14 3/4, down 4 3/4 cents,

Dec 26 KCBT Wheat  is at $6.39 3/4, down 6 1/4 cents,

Mar 27 KCBT Wheat  is at $6.47 3/4, down 7 1/4 cents,

Dec 26 MIAX Wheat  is at $6.21 3/4, down 4 cents,

Mar 27 MIAX Wheat  is at $6.38 1/4, down 4 1/2 cents,