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Wheat Closes in Rally Mode on Wednesday

Barchart
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⚡ Quantum Brief
Wheat futures surged across all major U.S. exchanges on March 18, 2026, with Chicago SRW contracts rising 11–14¾ cents, KC HRW up 18¼–23¼ cents, and Minneapolis spring wheat gaining 11–13 cents. Dry conditions and above-average temperatures are forecast for the Plains and SRW regions, threatening crop yields and fueling the rally amid supply concerns. Traders anticipate Thursday’s Export Sales report to show 300,000–550,000 metric tons of wheat sales for the week of March 12, with minimal new-crop business (0–50,000 MT). An Allendale survey projects U.S. wheat acreage at 44.88 million acres—down 423,000 from 2025—with spring wheat at 9.68 million acres and durum at 2.107 million acres. May and July 2026 contracts closed higher, led by KCBT wheat at $6.26–$6.40½, reflecting tightening market conditions and weather-driven volatility.
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AAPL TSLA AMZN META AMD NVDA PEP COST ADBE GOOG AMGN HON INTC INTU NFLX ADP SBUX MRNA AAPL TSLA AMZN META AMD NVDA PEP COST ADBE GOOG AMGN HON INTC INTU NFLX ADP SBUX MRNA AAPL TSLA AMZN META AMD NVDA PEP COST ADBE GOOG AMGN HON INTC INTU NFLX ADP SBUX MRNA Stocks Wheat Closes in Rally Mode on Wednesday March 18, 2026 — 08:08 pm EDT Written by Austin Schroeder for Barchart-> The wheat complex rallied double digits on the Wednesday session. Chicago SRW futures were 11 to 14 3/4 cents higher on the day. KC HRW futures were 18 1/4 to 23 1/4 cents in the green. MPLS spring wheat was up 11 to 13 cents at the close.The next week looks dry for much of the Plains from NE to TX, with much of SRW country remaining dry with scattered precip. Temps are also expected to be warm this week. Don’t Miss a Day: From crude oil to coffee, sign up free for Barchart’s best-in-class commodity analysis. Export Sales data will be released on Thursday morning, as traders are looking for 300,000 MT to 550,000 MT of wheat sales in the week of March 12. New crop business is estimated at 0-50,000 MT.An Allendale survey estimates the US wheat acreage at 44.88 million acres, down 423,000 acres from last year. Spring wheat acreage is seen at 9.68 million acres, with durum at 2.107 million acres.May 26 CBOT Wheat closed at $6.04 1/4, up 14 1/2 cents,Jul 26 CBOT Wheat closed at $6.15 1/2, up 14 3/4 cents,May 26 KCBT Wheat closed at $6.26, up 19 1/4 cents,Jul 26 KCBT Wheat closed at $6.40 1/2, up 19 1/4 cents,May 26 MIAX Wheat closed at $6.37 1/4, up 3 1/4 cents,Jul 26 MIAX Wheat closed at $6.51 1/4, up 2 3/4 cents, On the date of publication, Austin Schroeder did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. For more information please view the Barchart Disclosure Policy here. More news from Barchart Corn Prices Are Trending Higher. 1 Options Trade to Make Now.

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Tags Stocks Barchart With headquarters in the heart of Chicago's financial district, Barchart has been an industry-leader since 1995 when we launched Barchart.com as one of the first websites for commodities and futures market data. Since then, we have evolved into a global financial technology leader providing market data and services to the global financial, media, and commodity industries. More articles by this source-> More Related Articles This data feed is not available at this time. Data is currently not available • Sign up for the TradeTalks newsletter to receive your weekly dose of trading news, trends and education. Delivered Wednesdays.

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