As of midday Thursday, September 26, Chicago SRW wheat contracts have risen by 2 to 3 cents, while KC HRW futures show gains of 1 to 3 cents, following a retreat from earlier double-digit increases. Minneapolis spring wheat prices are steady to slightly higher as well.
In geopolitical news, Ukraine has proposed a truce with Russia aimed at halting attacks on civilian targets in the Black Sea, though Russia has yet to respond.
In the weekly export report, net wheat sales are recorded at 255,931 metric tons for the week ending August 6, marking a 64.59% drop from the same week last year and the second lowest total for the marketing year. WASDE data indicates ending stocks for the 2026/27 marketing year at 717 million bushels, a reduction of 5 million bushels due to decreased production, while global ending stocks increased slightly to 273.25 million metric tons.
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