Wheat Falls to New Lows on Thursday

The wheat complex fell across the three markets into the Thursday close, falling double digits. Chicago SRW futures were down 10 ¾ to 15 ½ cents at the close, with December hitting a 9-month low. KC HRW futures were 13 ¼ to 17 ¼ cents lower on the session. MPLS spring wheat posted 12 ¾ to 14 1/2 cent losses on the day. 

.The US Dollar index rallied to a 19 month high on Thursday, adding some pressure. Peace talks with Russia and Ukraine this week put some pressure on the market.

Export Sales data will be pushed back to Friday due to the Wednesday Veterans Day federal holiday. A survey of traders by Reuters is looking for a range of 350,000 to 650,000 MT in 2026/27 wheat bookings during the week of November 5. New crop business is seen in a range of 0-50,000 MT.

Argentina’s wheat production estimate from the Rosario Grains Exchange was raised by 0.5 MMT to 24.3 MMT.

Dec 26 CBOT Wheat  closed at $5.84 1/4, down 15 1/4 cents,

Mar 27 CBOT Wheat  closed at $5.99 1/4, down 15 cents,

Dec 26 KCBT Wheat  closed at $6.22 1/4, down 17 1/4 cents,

Mar 27 KCBT Wheat  closed at $6.32 1/4, down 17 1/4 cents,

Dec 26 MIAX Wheat  closed at $6.23 3/4, down 12 3/4 cents,

Mar 27 MIAX Wheat  closed at $6.37 3/4, down 13 cents,

On the date of publication, Austin Schroeder did not directly have a position 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.