Wheat Jul '26 (ZWN26)
Wheat Futures Market News and Commentary
The wheat complex posted marginally mixed trade on Thursday, with the hard red contracts higher. Chicago SRW was the weak spot, with fractional to 4 cent Thursday losses. KC HRW futures led the way higher, up 3/4 to 4 cents in the front months. MPLS spring wheat contracts were up 1 1/2 to 3 3/4 cents at the close.
FAS released their weekly Export Sales data this morning, with old crop sales of 95,094 MT for the last 4 day of the 2025/26 marketing year. There were 298,570 MT in unshipped sales carried over from that marketing year. New crop sales exceeded the trade estimates at 666,259 MT in that week. Mexico was the top buyer of 143,100 MT, with 118,500 MT sold to Taiwan, and 116,900 MT to the Philippines. Â
Wheat production via the monthly Crop Production report was shown at 1.029 bbu for winter wheat, an 18 mbu cut from last month and below estimates. Yield was trimmed by 0.8 bpa to 46.8 bpa, as harvested acres were left unchanged. Much of the production cut was via HR... Read more
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