Wheat is mixed across the three markets on Wednesday, with KC trying to lead the three higher. The wheat complex held losses across the three exchanges on Tuesday. CBT soft red wheat futures were down 5 to 6 cents. Preliminary open interest was up 9,734 contracts on Tuesday. The CBOT showed 34 deliveries issued for September wheat overnight. KC HRW futures were 8 to 10 cents lower on the Tuesday session. Preliminary open interest was up 4,763 contracts on Tuesday. There were another 18 deliveries issued against September KC wheat. MPLS spring wheat was 5 to 6 cents lower at the close.
The weekly Crop Progress report indicated 72% of the spring wheat crop was harvested by Sunday, 1 percentage point above normal. Winter wheat harvest was removed this week, with the crop’s planting progress for the 2026 crop expected next week.
