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Wheat Falling on Wednesday Morning

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⚡ Quantum Brief
Wheat futures declined sharply Wednesday morning, with Chicago SRW leading losses after closing 2–4 cents lower Tuesday. Open interest dropped 2,498 contracts, signaling weakening market sentiment. Kansas HRW wheat defied the trend, rising 3–4 cents Tuesday, though overnight deliveries (91 contracts) hinted at near-term pressure. Minneapolis spring wheat also gained 3–4 cents. Weather splits the Plains: heavy rain is forecast for eastern SRW regions, while western HRW areas face drought. Kansas crop conditions deteriorated to 58% good/excellent, down from 61% in February. Global supply remains robust. EU wheat exports hit 15.77 MMT (up 1.36 MMT YoY), while Australia’s output is estimated at 36–37 MMT, per ABARES and USDA. March CBOT wheat fell to $5.72¼ (down 9 cents intraday), with May contracts also declining. KC and Minneapolis futures followed, reversing prior gains.
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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 on Wednesday Morning March 04, 2026 — 10:44 am EST Written by Austin Schroeder for Barchart-> Wheat is showing losses across the three markets, with Chicago leading the way lower. The wheat complex was mixed on Tuesday, with hard red contracts pushing higher gains. Chicago SRW futures closed 2 to 4 cents lower on Tuesday. Open interest was down 2,498 contracts. KC HRW futures were 3 to 4 cents in the green at the close. OI was down 1,006 contracts. There were 91 deliveries issued against March KC wheat overnight. MPLS spring wheat was 3 to 4 cents higher across most contracts on Tuesday.The next 7 days are wet for the eastern half of the Southern Plains, stretching over across most of the SRW country. The western portions of HRW country is expected to receive very little precip. Don’t Miss a Day: From crude oil to coffee, sign up free for Barchart’s best-in-class commodity analysis.

The Kansas Crop Progress report from Tuesday afternoon showed winter wheat conditions at 58% good/excellent, or 353 on the Brugler500 index. That was down from 61% gd/ex (359) in early February. EU wheat exports have totaled 15.77 MMT from July 1 to March 1 according to the European Commission, up 1.36 MMT from the same period last year. Australia’s wheat production is estimated at 36 MMT according to ABARES. USDA’s tally from February was 37 MMTMar 26 CBOT Wheat closed at $5.72 1/4, down 2 1/4 cents, currently down 9 centsMay 26 CBOT Wheat closed at $5.74, down 3 1/4 cents, currently down 9 1/4 centsMar 26 KCBT Wheat closed at $5.70 1/2, up 3 1/2 cents, currently down 8 1/2 centsMay 26 KCBT Wheat closed at $5.78 1/4, up 3 1/2 cents, currently down 8 1/2 centsMar 26 MIAX Wheat closed at $6.01 1/4, up 3 3/4 cents, currently down 3 1/4 centsMay 26 MIAX Wheat closed at $6.13 1/4, up 3 1/4 cents, currently down 3 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. More news from Barchart Looking for the Next Silver Rally?

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