Wheat Prices Rise After Mixed Performance Last Week
On Monday morning, wheat prices are showing strength with contracts rising between 7 to 13 cents. This follows a mixed performance on Friday where the wheat complex saw losses across three exchanges—Chicago SRW, KC HRW, and MPLS spring wheat—with varying degrees of weekly gains or declines. The Commitment of Traders (COT) report from CFTC revealed that managed money reduced their net short position in Chicago Board of Trade (CBOT) wheat by nearly 5,000 contracts to a total net short of 26,485. In contrast, they increased their long positions in Kansas City (KC) wheat by over 7,000 contracts. The USDA Export Sales report for the 2026/27 season shows wheat sales at 7.936 million metric tons—down 31% from last year and below both historical averages and previous years' performance.
