Wheat Prices Drop Sharply as July Closes
Wheat prices fell significantly across major exchanges in the final days of July, with losses reported for Chicago SRW, Kansas City HRW, and Minneapolis spring wheat contracts. Despite weekly declines, some contracts still showed gains over the month due to reduced short positions by managed money traders as per Commitment of Traders data. Export sales for the 2026/27 season reached 6.979 million metric tons, below USDA estimates and historical averages. Meanwhile, France's soft wheat harvest was reported complete with a crop rated at 65% good or excellent by French agricultural agency FranceAgriMer.
Topics: futures_prices trading_activity wheat