The wheat market experienced declines leading into the long weekend, with Chicago SRW contracts dropping between 1½ to 7¼ cents, while still up 21¼ cents for the week. KC HRW futures saw losses of 4½ to 8½ cents, with July contracts up 9½ cents weekly. Meanwhile, MPLS spring wheat was mixed, closing down 2½ cents for July but up 4¾ cents for the week.
On June 11, total wheat export sales for the 2026/27 season reached 400,844 metric tons, marking a 6.16% decrease from the previous year. Japan was the largest buyer at 167,400 MT, followed by Mexico with 80,300 MT.
For June 22, July 26 CBOT Wheat closed at $6.05 ¾ (down 7 cents), July 26 KCBT Wheat at $6.44 (down 8½ cents), and July 26 MIAX Wheat at $6.23 (down 2½ cents).
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