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Barchart
Barchart
Austin Schroeder

Wheat Holding Higher on Wednesday’s Midday

Chicago SRW KC HRW MPLS KCBT MIAX

The wheat complex is in bounce back mode on Wednesday. Chicago SRW futures are trading 5 to 7 ½ cents higher on Wednesday.  KC HRW futures are posting 7 to 8 cent midday gains. MPLS spring wheat is showing 2 to 3 cent gains at midday.

The annual Ag Outlook Forum from USDA will publish initial armchair estimates for the 2026 wheat crop on Thursday. Heading into the release, analysts surveyed by Bloomberg are looking for all wheat acreage to be reported at 44.7 million acres, down ~600,000 acres from last year if realized. Production is seen at 1.872 bbu, down 113 mbu from last year. 

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