The wheat market is experiencing positive momentum on Friday, with Chicago SRW contracts increasing by 6 to 7 cents and KC HRW futures rising 13 to 14 cents across most contracts. MPLS spring wheat is also showing gains of 6 to 8 cents in front months, driven by ongoing purchasing amid the escalating Black Sea conflict, which has affected port operations.
The USDA’s weekly Export Sales report from Thursday indicated that 2026/27 wheat sales reached 2.057 million metric tons (MMT) as of July 9, representing 10% of the USDA export projection and exceeding the 9% average pace over the last five years. Additionally, France AgriMer reported that the French wheat crop is rated 65% in good/excellent condition, unchanged from the previous week, with the harvest now 92% complete as of July 13.
Current wheat futures prices are as follows: Sep 26 CBOT Wheat at $6.81 (up 6.25 cents), Dec 26 CBOT Wheat at $6.98 (up 7 cents), Sep 26 KCBT Wheat at $7.29.75 (up 13.25 cents), and Dec 26 KCBT Wheat at $7.44.25 (up 13 cents).
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