The wheat market is experiencing significant declines, with Chicago SRW futures dropping 14 to 15 1/4 cents, KC HRW futures down 11 to 13 cents, and MPLS spring wheat lower by 11 to 14 cents as of midday Friday. Current export sales data shows 2026/27 wheat sales at 9.178 million metric tons (MMT), reflecting a 30% decrease compared to the same period last year, and comprising 44% of the USDA export projection, which lags behind the historical average pace of 53%.
Specific pricing highlights include Dec 26 CBOT Wheat at $7.11 3/4 (down 15 1/4 cents), Mar 27 CBOT Wheat at $7.28 (down 15 cents), Dec 26 KCBT Wheat at $7.81 3/4 (down 12 3/4 cents), and Dec 26 MIAX Wheat at $7.38 (down 14 1/2 cents). Limited exports from the Black Sea region amid geopolitical tensions contribute to the market’s volatility.
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