The wheat complicated led the grain rally on Friday, following extra Black Sea information. Chicago SRW contracts had been up 11 3/4 to 22 cents on Friday, with a weekly achieve of 35 cents. KC HRW futures led the wheat rally, with contracts up 15 to 33 cents on Friday, as September was 40 ¼ cents increased on the week. MPLS spring wheat closed the session with contracts 9 to 10 ¾ cents increased, as September was 1 ¼ cents decrease this week.
Russia rejected the Ukrainian proposal for a ceasefire within the Black Sea area on civilian vessels and port infrastructure. Latest will increase in strikes on export infrastructure has led to restricted shipments out of key ports within the Black Sea in a interval the place wheat shipments usually ramp up after harvest for one of many world’s key wheat exporting areas.
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CFTC’s weekly Dedication of Merchants report confirmed managed cash including again one other 7,615 contracts to their CBT wheat internet quick place within the week of 8/11 to a internet in need of 31,401 contracts. In KC wheat, they in the reduction of 5,432 contracts from their internet lengthy to 27,662 contracts.
Export Gross sales knowledge has whole wheat gross sales for 2026/27 at 7.538 MMT, which is 36% of the present export estimate from USDA and lags the 44% common gross sales tempo.
Taiwan flour mills bought a complete of 97,200 MT of wheat in a young from the US in a single day.
Sep 26 CBOT Wheat closed at $6.74 3/4, up 22 cents,
Dec 26 CBOT Wheat closed at $6.89 1/2, up 21 1/4 cents,
Sep 26 KCBT Wheat closed at $7.54 1/4, up 33 3/4 cents,
Dec 26 KCBT Wheat closed at $7.67 3/4, up 33 cents,
Sep 26 MIAX Wheat closed at $6.78 1/4, up 9 cents,
Dec 26 MIAX Wheat closed at $7.04 1/4, up 10 1/2 cents,
On the date of publication,
Austin Schroeder
didn’t have (both instantly or not directly) positions in any of the securities talked about on this article. All data and knowledge on this article is solely for informational functions.
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