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Barchart
Barchart
Austin Schroeder

Wheat Rallies on Thursday, with Spring Wheat Leading the Way

Chicago SRW KC HRW MPLS USDA CBOT KCBT MIAX

The wheat complex posted gains across the three exchanges on Thursday. Chicago SRW futures were 7 to 8 cents in the green at the close. KC HRW futures were 5 to 6 cents higher on Thursday. MPLS spring wheat was a dime higher in the front months on Thursday.

USDA Export Sales data will be delayed until Friday morning due to the Monday holiday. Traders are looking for between 150,000 and 450,000 MT in wheat bookings in that week.

 

Russia’s wheat crop estimate from SovEcon is at 83.8 MMT for 2026, unchanged from their previous estimate.

Mar 26 CBOT Wheat  closed at $5.15 1/2, up 7 3/4 cents,

May 26 CBOT Wheat  closed at $5.26 1/2, up 7 1/2 cents,

Mar 26 KCBT Wheat  closed at $5.25 3/4, up 6 cents,

May 26 KCBT Wheat  closed at $5.36, up 5 1/4 cents,

Mar 26 MIAX Wheat  closed at $5.74 3/4, up 10 cents,

May 26 MIAX Wheat  closed at $5.85 1/4, up 10 cents,

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