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Wheat Facing Monday Weakness

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⚡ Quantum Brief
Wheat futures opened Monday with broad declines: Chicago SRW dropped 4 cents, Kansas City HRW fell 10–11 cents, and Minneapolis spring wheat lost 4–5¼ cents, marking a weak post-holiday start. The Southern Plains expects nearly 1 inch of rain this week, potentially aiding crops, while the first national Crop Progress report of 2026 may show only 42% of wheat rated good/excellent. Weekly export inspections fell 13.5% from last week and 0.38% year-over-year, with Mexico as the top buyer, as total marketing-year shipments lag 16.6% behind 2025 levels. Speculators turned net long in Chicago wheat for the first time since June 2022, with Kansas City and Minneapolis futures also seeing record or near-record bullish positions. May 2026 contracts reflect the downturn: CBOT wheat sits at $5.94¼, KCBT at $6.05, and MGE at $6.41½, all down from Friday’s close.
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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 Facing Monday Weakness April 06, 2026 — 03:26 pm EDT Written by Austin Schroeder for Barchart-> The wheat complex are coming out of the long weekend with losses across the three markets. Chicago SRW futures are starting the week with losses of 4 cents in the front months. KC HRW futures are down 10 to 11 cents on Monday. MPLS spring wheat is trading with 4 to 5 ¼ cent losses at midday. The next week looks a little wetter for parts of the Southern Plains, with parts of Central Texas through the panhandle and up through parts of Nebraska are seen with nearly 1 inch of precip. We will get our first look at the Crop Progress report from a national level this afternoon. A Bloomberg survey of analysts estimates the crop will be rated at 42% gd/ex, with a range of 38-45%. Don’t Miss a Day: From crude oil to coffee, sign up free for Barchart’s best-in-class commodity analysis. Export Inspections data showed wheat at 334,106,427 MT (12.27 mbu) shipped in the week that ended on April 2. That was down 13.5% from last week, and 0.38% below the same week last year. Mexico was the top destination of 273,703 MT, with 57,763 MT to Indonesia and 55,000 MT to South Korea. Marketing year shipments have totaled 17.73 MMT (651.4 bbu), which is down 16.6% yr/yr.Commitment of Traders data showed CBT wheat specs at a net long for the first time since June 2022 at 8,641 contracts, a 10,875 flip in the week ending on March 31. In KC wheat, managed money was net long 21,517 contracts, a 11,812 contract increase on the week. MPLS wheat spec funds were a record net long of 21,156 contracts. May 26 CBOT Wheat is at $5.94 1/4, down 4 cents,Jul 26 CBOT Wheat is at $6.05 1/2, down 4 cents,May 26 KCBT Wheat is at $6.05, down 10 3/4 cents,Jul 26 KCBT Wheat is at $6.21, down 10 cents,May 26 MIAX Wheat is at $6.41 1/2, down 5 1/4 cents,Jul 26 MIAX Wheat is at $6.56 1/4, down 4 1/4 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. 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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