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Austin Schroeder

Wheat Leads the Grain Rally on Wednesday

KC Chicago KCBT Wheat MIAX Wheat

The wheat complex led the bulls charge on Wednesday, with contracts showing double digit gains across the front months. Chicago SRW contracts were rallying, as front months were up 11 to 17 cents and deferreds 5 to 9 cents higher. KC HRW futures were 10 ½ to 18 3/4 cents higher. MPLS spring wheat was up 9 3/4 to 13 1/4 cents at the close. The market will round out the week on Thursday, with Friday off in observance of Juneteenth.

Export Sales data will be updated on Thursday, with traders looking for between 300,000 and 700,000 MT in 2026/27 sales according to a Reuters survey of analysts.

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