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Wheat Falling After USDA Adds Bushels to the Balance Sheet

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⚡ Quantum Brief
Wheat futures declined across major exchanges on April 9, 2026, after the USDA raised U.S. ending stocks by 7 million bushels to 938 million, citing higher imports and lower seed use. Global wheat stocks surged 6.16 million metric tons to 283.12 MMT, driven by increased production in Russia (+0.8 MMT) and the EU (+1.11 MMT), while India’s demand fell sharply. Chicago SRW wheat dropped 9–11 cents, with May contracts at $5.70½. Kansas City HRW and Minneapolis spring wheat also fell, reflecting broader market pressure. Old-crop wheat exports exceeded expectations at 163,950 MT (52% above last year), but new-crop sales missed forecasts, signaling mixed demand. Crude oil rose $3.21, contrasting wheat’s decline, while EU 2026/27 production estimates held steady at 128.7 MMT.
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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 Falling After USDA Adds Bushels to the Balance Sheet April 09, 2026 — 03:26 pm EDT Written by Austin Schroeder for Barchart-> The wheat complex is slipping on Thursday, following an increased stocks number from USDA on Thursday. Chicago SRW futures are 9 to 11 cents in the red on Thursday. KC HRW futures are 9 to 11 cents lower so far on the session. MPLS spring wheat is down 6 to 7 ½ cents in most front months at midday. Crude oil is back up $3.21 so far on Thursday. Export Sales data from this morning tallied 163,950 MT of old crop wheat business in the week of April 2, exceeding the trade ideas of 0-150,000 MT. That was wall above the week prior and 52.49% above the same week last year. New crop business was shy of traders’ estimates of 150,000 MT to 400,000 MT at 90,656 MT. Don’t Miss a Day: From crude oil to coffee, sign up free for Barchart’s best-in-class commodity analysis. The monthly WASDE update from USDA tallied wheat US ending stocks 7 mbu higher to 938 mbu. That came on a 1 mbu cut to seed use, a 5 mbu increase to imports and 1 mbu assumed for rounding reasons. The cash average price was still up a nickel to $5.World ending stocks were raised by another 6.16 MMT, to 283.12 MMT. That came from a mix of increased production, with Russia up 0.8 MMT and EU rising 1.11 MMT, and use trimmed by 4.68 MMT, mainly in India.Expana estimates the EU wheat production for 2026/27 at 128.7 MMT, up from the 128.6 MMT last month. May 26 CBOT Wheat is at $5.70 1/2, down 9 3/4 cents,Jul 26 CBOT Wheat is at $5.80 1/2, down 10 3/4 cents,May 26 KCBT Wheat is at $5.85 3/4, down 9 1/2 cents,Jul 26 KCBT Wheat is at $6.01 1/2, down 10 1/2 cents,May 26 MIAX Wheat is at $6.16 1/2, down 7 1/2 cents,Jul 26 MIAX Wheat is at $6.32 1/4, down 6 1/2 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 A Strong U.S.

Dollar Is Squelching Grain Market Bulls 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. 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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