Wheat Continues to Rise in Early Friday Trading

Wheat Market Update: Winter Wheat Leads Gains

On Friday morning, winter wheat prices are showing notable strength, while spring wheat is experiencing some softness. The wheat market closed higher across all three major exchanges on Thursday. Chicago SRW futures ended the session up by 7 to 8 cents, supported by renewed buying interest and a 7,804 contract increase in open interest. Kansas City HRW futures also advanced, finishing 5 to 6 cents higher. Meanwhile, Minneapolis spring wheat saw front-month contracts climb by 10 cents on Thursday.

USDA export sales figures, delayed due to the Monday holiday, are expected to be released later this morning. Market participants anticipate weekly wheat export bookings to fall between 150,000 and 450,000 metric tons.

SovEcon has maintained its projection for Russia's 2026 wheat harvest at 83.8 million metric tons, unchanged from its previous estimate.

Recent Wheat Futures Closing Prices

• March 2026 CBOT Wheat: Closed at $5.15 1/2, up 7 3/4 cents; currently up 3 cents.
• May 2026 CBOT Wheat: Closed at $5.26 1/2, up 7 1/2 cents; currently up 3 cents.
• March 2026 KCBT Wheat: Closed at $5.25 3/4, up 6 cents; currently up 4 3/4 cents.
• May 2026 KCBT Wheat: Closed at $5.36, up 5 1/4 cents; currently up 4 1/2 cents.
• March 2026 MIAX Wheat: Closed at $5.74 3/4, up 10 cents; currently down 1 3/4 cents.
• May 2026 MIAX Wheat: Closed at $5.85 1/4, up 10 cents; currently down 3 cents.