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Wheat Collapses Lower on Wednesday

Barchart
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⚡ Quantum Brief
Wheat futures plummeted across major exchanges on April 1, 2026, with Chicago SRW dropping up to 18¾ cents, KC HRW falling 21¾ cents, and MPLS spring wheat declining 16½ cents as investors pulled capital. Crude oil also fell $2.51 after former President Trump signaled Iran may seek a ceasefire, with a national address expected to clarify next steps in the conflict. Markets will close early Thursday ahead of Good Friday, with traders awaiting Thursday’s Export Sales report, forecasting 200,000–500,000 MT for old-crop wheat and 100,000–300,000 MT for new-crop contracts. A 7-day forecast predicts heavy rains in SRW regions and eastern Southern Plains, while western areas expect under ½ inch, potentially impacting planting conditions. May 2026 contracts settled at $5.97½ (CBOT), $6.13¾ (KCBT), and $6.42 (MIAX), reflecting broad downward pressure amid geopolitical and weather uncertainties.
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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 Collapses Lower on Wednesday April 01, 2026 — 07:57 pm EDT Written by Austin Schroeder for Barchart-> The wheat complex was under pressure on Wednesday, as money was coming off the table. Chicago SRW futures fell back 9 ½ to 18 3/4 cents on the session. KC HRW futures were 12 ¼ to 21 ¾ cents in the red on Wednesday. MPLS spring wheat was down 8 to 16 1/2 cents. Crude Oil closed the day down $2.51 after a post from President Trump suggested Iran is looking for a ceasefire. He is expected to address the nation later this evening, likely providing some more clarity on the next steps of the conflict. Thursday will be the last trade day for the week as the markets are off for Good Friday.The 7-day forecast calls for heavy rains SRW country as well as the eastern portions of the Southern Plains, with the western half on the lighter side with less than a half inch expected. 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 between 200,000 and 500,000 MT for old crop wheat. New crop business is seen in a range of 100,00 to 300,000 MT.May 26 CBOT Wheat closed at $5.97 1/2, down 18 3/4 cents,Jul 26 CBOT Wheat closed at $6.08 3/4, down 17 3/4 cents,May 26 KCBT Wheat closed at $6.13 3/4, down 21 3/4 cents,Jul 26 KCBT Wheat closed at $6.28 1/4, down 20 1/2 cents,May 26 MIAX Wheat closed at $6.42, down 16 1/2 cents,Jul 26 MIAX Wheat closed at $6.57 3/4, down 16 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 1 Winning Trade Idea to Play Fertilizer Shortages and Rising Prices Mark Your Calendars: Grain Traders Brace for Major USDA Data Points Tuesday Bulls Are in Control of Soybean Meal. Make This 1 Trade Now.

Are Beans Going to Trade in the Teens? The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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