The wheat complex fell lower on Friday. Chicago SRW contracts were down 1 to 8 cents on the session in most contracts, as December fell back 12 ¼ cents. KC HRW futures closed the day with contracts down 2 to 3 ¼ cents, as December was 11 ¾ cents lower on the week. MPLS spring wheat was 4 to 7 ¾ cents in the red, as December fell 7 ¾ cents this week.
Commitment of Traders data showed managed money increasing their net short in Chicago wheat futures and options by 13,867 contracts, taking it to 88,726 contracts. In KC wheat, they were busy increasing their new net short by 4,857 contracts to 6,722 contracts.
The weekly Export Sales report has total wheat export business at 12.18 MMT for 2026/27, down 28% from a year ago. That is 60% of the USDA export projection and lags the 67% average pace from the last 5 years.
USDA’s monthly WASDE report will be released on Tuesday, with Bloomberg survey of analysts looking for US wheat stocks to be raised by 4 mbu to 744 mbu.
The French wheat crop is estimated at 84% planted as of November 2 according to FranceAgriMer, ahead of the 77% pace from last year.
Dec 26 CBOT Wheat closed at $5.91 1/4, down 8 cents,
Mar 27 CBOT Wheat closed at $6.02 3/4, down 7 cents,
Dec 26 KCBT Wheat closed at $6.32 1/2, down 3 1/4 cents,
Mar 27 KCBT Wheat closed at $6.39 3/4, down 3 1/4 cents,
Dec 26 MIAX Wheat closed at $6.16, down 4 cents,
Mar 27 MIAX Wheat closed at $6.30 1/4, down 7 1/4 cents,