Wheat Facing Friday Pressure

The wheat complex is in the red across the three exchanges on Friday. Chicago SRW contracts are 4 to 6 cents lower so far on Friday. KC HRW futures are trading with contracts 7 to 9 cents in the red. MPLS spring wheat is down 5 to 7 cents at midday. September options expire today.

The weekly USDA Export Sales report has tallied 2026/27 wheat sales at 7.936 MMT, now down 31% from last year. That is 38% of the current USDA export estimate and lags the 49% pace from last year and the 45% average. 

Sovecon estimates the Russian wheat crop at 88.2 MMT for 2026, a 0.3 MMT decline from the previous number.

Sep 26 CBOT Wheat  is at $6.77 1/2, down 5 1/4 cents,

Dec 26 CBOT Wheat  is at $6.95 1/4, down 4 3/4 cents,

Sep 26 KCBT Wheat  is at $7.53 1/2, down 8 3/4 cents,

Dec 26 KCBT Wheat  is at $7.68 3/4, down 7 3/4 cents,

Sep 26 MIAX Wheat  is at $6.95 1/4, down 5 1/2 cents,

Dec 26 MIAX Wheat  is at $7.21 1/4, down 6 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.