Wheat is under pressure on Tuesday morning as the Black Sea looks to ease. The wheat complex posted mixed trade on the Monday session. Chicago SRW contracts were down 3 ¼ cents to 4 ¼ cents higher at the close. KC HRW futures were mixed, with contracts 6 cent lower to up 3 ½ cents. MPLS spring wheat was down a penny to 12 ½ cents at the close.
On Monday, President Trump called for Ukraine to halt attacking Russian energy infrastructure, with the Kremlin reportedly open to the idea.
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The weekly Export Inspections report showed wheat shipments of 456,720 MT (16.78 mbu) in the week of 9/10. That was 5.9% below the week prior and 39.78% below the same week last year. Japan was the largest destination of 118,788 MT, with 111,415 MT shipped to Mexico and 93,003 MT to Thailand. Shipments for the marketing year are now 5.676 MMT (208.54 mbu) of wheat, which is 27.78% below the same period last year.
French wheat production for 2026 is estimated at 31.7 MMT according to the country’s farm ministry, down 0.2 MMT from last month. APK-Inform estimates the Ukrainian wheat crop at 25 MMT for 2026/27, which was a 2.4 MMT increase from their previous number. Wheat exports are seen at 10.5 MMT for the marketing year.
Dec 26 CBOT Wheat closed at $7.22, down 3 1/4 cents, currently down 9 cents
Mar 27 CBOT Wheat closed at $7.39 1/4, down 2 cents, currently down 9 1/4 cents
Dec 26 KCBT Wheat closed at $7.92 1/2, down 6 cents, currently down 12 cents
Mar 27 KCBT Wheat closed at $8.06 3/4, down 5 1/4 cents, currently down 12 1/2 cents
Dec 26 MIAX Wheat closed at $7.36 1/4, down 8 3/4 cents, currently down 5 3/4 cents
Mar 27 MIAX Wheat closed at $7.58 1/2, down 6 3/4 cents, currently down 4 1/4 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.