Wheat futures climb across exchanges Thursday as contracts add 4 3/4 to 12 cents
AI Market Summary
US wheat futures strengthened across CBOT/KCBT/MPLS as traders position for a potentially tighter WASDE: consensus expects lower US production and reduced US carryout, alongside a projected decline in global ending stocks. Weekly export sales improved from the prior week, and Taiwan's new tender adds incremental demand, partially offsetting softer year-on-year sales. Net effect supports near-term wheat risk premia into the USDA update.
Impact level
● Medium
Affected assets
NCCOWHEAT2USD/USDT+3.76%
AI Insight · NCCOWHEAT2USD/USDTAI Insight
▲ Bullish
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U.S. wheat futures finished higher across CBOT, KCBT and MIAX on Thursday, with the most-active contracts up 8–12 cents. Weekly USDA export sales showed 313,000 MT of 2026/27 wheat booked, down 45.9% from the same week a year earlier. Taiwan also issued a new tender for 98,000 MT of U.S. wheat. Traders expect Friday’s WASDE to lower U.S. wheat production by 17 mbu and cut world ending stocks by 2.2 MMT to 273.2 MMT, tightening the balance sheet.
