Wheat Futures Gain Momentum Across Multiple Markets

DAOdreamer · 2026-01-12T17:19:49+00:00

Grain markets showed strength on Wednesday, particularly in wheat, with notable price increases across all major varieties. Key data releases and international developments are expected to influence future market trends.

DAOdreamer

2026-01-12 17:19:49

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Grain markets demonstrated solid strength on Wednesday with the wheat complex showing broad-based advances on all major trading venues. The energy was particularly evident in Kansas City, where HRW futures surged with front-month contracts posting 10-cent gains. Chicago SRW futures climbed 6 to 8 cents, while Minneapolis spring wheat advanced 3 to 4 cents, indicating coordinated strength across different wheat varieties.

Price Movement and Contract Performance

Contract closings reflected the session’s bullish undertone:

Mar 26 CBOT Wheat finished at $5.18, up 7½ cents
May 26 CBOT Wheat closed at $5.28, advancing 6¾ cents
Mar 26 KCBT Wheat reached $5.31½, gaining 10 cents
May 26 KCBT Wheat settled at $5.43¼, up 10 cents
Mar 26 MIAX Wheat closed at $5.71½, adding 3¼ cents
May 26 MIAX Wheat finished at $5.81, advancing 3¼ cents

Upcoming Market Catalysts

Traders are preparing for several key data releases that could impact wheat’s near-term trajectory. Thursday morning brings export sales figures for the week ending January 1, with industry expectations pointing toward 200,000-500,000 MT in sales for the 2025/26 season. Bookings for 2026/27 are anticipated at 0-100,000 MT, indicating potential front-loading of buyer activity.

Monday will bring the USDA’s Winter Wheat Seedings report, a closely watched indicator for supply assessments. Bloomberg consensus forecasts total winter wheat acreage at 32.4 million acres, with HRW projected at 23 million acres, SRW estimated at 5.9 million acres, and white wheat at 3.5 million acres.

International Developments

Global supply dynamics also influenced sentiment. China’s Vice Premier signaled stability in the winter wheat crop area, though acknowledged that planting conditions remain uneven across certain regions. This backdrop suggests sustained international interest in wheat supply chains, adding depth to the trading environment.

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