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Barchart
Austin Schroeder

Wheat Weakness Continues on Tuesday

Chicago KC HRW MPLS CBOT KCBT MIAX

The wheat market is showing losses across the winter wheats at midday, with spring wheat slightly higher. Chicago SRW futures are 1 to 2 cents lower at midday. KC HRW futures are down 4 to 5 cents on Tuesday. MPLS spring wheat is fractionally higher so far.

SovEcon estimates the Russian wheat exports for 2025/26 at 44.6 MMT, a 0.4 MMT increase from their prior number. Overnight, Russian drones hit 2 vessels entering Ukrainian ports to be loaded with wheat, according to the Ukrainian Navy.

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