Wheat futures slide as Sep 26 CBOT contract drops 8 3/4 cents to $6.74 per bushel
AI Market Summary
Wheat futures eased as U.S. winter wheat harvest progress reached 74% (ahead of normal), reinforcing near-term supply availability. Spring wheat conditions deteriorated to 53% good/excellent, but that support was outweighed by weak export shipments and marketing-year exports running 29.5% below last year's pace. A lower French crop estimate adds longer-term balance-sheet uncertainty, yet price action reflects immediate harvest pressure.
Impact level
● Medium
Affected assets
NCCOWHEAT2USD/USDT+0.32%
AI Insight · NCCOWHEAT2USD/USDTAI Insight
▼ Bearish
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U.S. winter wheat harvest reached 74% as of Sunday, running 3% ahead of normal, while spring wheat conditions slipped with the good-to-excellent rating down to 53%. U.S. wheat export shipments totaled 231,991 MT in the week ending July 16, leaving 2025/26 marketing-year exports at 1.893 MMT, 29.5% below the same period last year. Argus cut its estimate for the French wheat crop by 7.6% from last year to 30.8 MMT. Wheat futures across CBOT and KCBT fell on Monday, with Sep 26 CBOT wheat down 8 3/4 cents to $6.74 per bushel.
