The wheat complex failed follow through from Tuesday’s strength on Wednesday, with weakness. Chicago SRW contracts were down 13 ¾ to 17 ¾ cents across the board. KC HRW futures posted losses of 13 ½ to 17 ¾ cents at the Wednesday close. MPLS spring wheat saw losses of 6 ¾ to 9 ½ cents on the day.

Exports Sales data will be released on Thursday, with traders looking for between 200,000 and 500,000 MT of wheat sold in the week ending on October 1.

Analysts surveyed by Bloomberg are looking for US wheat stock to be raised by 4 mbu to 721 mbu in the WASDE this Friday.

SovEcon estimates the Russian wheat crop at 87.5 MMT for 2026, below their previous number by 0.7 MMT.

Dec 26 CBOT Wheat  closed at $6.86 1/2, down 17 3/4 cents,

Mar 27 CBOT Wheat  closed at $7.01, down 16 1/2 cents,

Dec 26 KCBT Wheat  closed at $7.38 1/2, down 17 3/4 cents,

Mar 27 KCBT Wheat  closed at $7.52, down 17 cents,

Dec 26 MIAX Wheat  closed at $7.10 1/4, down 9 1/2 cents,

Mar 27 MIAX Wheat  closed at $7.29 3/4, down 8 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.

Disclaimer:This article represents the opinion of the author only. It does not represent the opinion of Webull, nor should it be viewed as an indication that Webull either agrees with or confirms the truthfulness or accuracy of the information. It should not be considered as investment advice from Webull or anyone else, nor should it be used as the basis of any investment decision.