The wheat complex experienced notable gains across major exchanges on Tuesday, with Chicago SRW contracts closing up 5 ¼ to 8 ½ cents, KC HRW futures increasing by 2 ¾ to 6 ¼ cents, and MPLS spring wheat rising by 9 to 12 ¼ cents. Key closing prices included CBOT Wheat at $7.28 ½ and KCBT Wheat at $7.96 ¼.
In related news, French wheat production for 2026 is estimated at 31.7 million metric tons (MMT), slightly down by 0.2 MMT from the previous month. Additionally, Algeria’s recent tender resulted in the purchase of nearly 500,000 MT of wheat.
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