Wheat is trading with sharply higher action across the board on Monday morning in response to a White House Fact sheet released over the weekend. The wheat market retreated lower into the Friday close, with the three exchanges posting losses. Chicago SRW futures were down 11 to 22 1/4 cents on the day, with July 16 ¾ cents higher on the week. Open interest was up 2,166 contracts. KC HRW futures posted 12 to 19 1/2 cent losses across the board on Friday, with July still up 12 ¼ cents since last Friday. MPLS spring wheat closed the Friday session with contacts down 7 1/2 to 17 1/4 cents, as July was still up 6 ¾ cents on the week.
On Sunday, the White House released a fact sheet on the US/China talks from last week, in part stating that “China will purchase at least $17 billion per year of U.S. agricultural products in 2026 (prorated), 2027, and 2028, in addition to the soybean purchase commitments that it made in October 2025.”
