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Wheat Falls on Thursday with Larger World Stocks Outlook

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Wheat futures declined across major U.S. exchanges on April 9, 2026, after USDA reported higher-than-expected ending stocks, with Chicago SRW dropping 7¼ cents and KC HRW falling 8¼ cents. Global wheat stocks surged to 283.12 MMT, up 6.16 MMT, driven by increased production in Russia (+0.8 MMT) and the EU (+1.11 MMT), while India’s demand fell sharply. U.S. wheat exports rose 52.49% year-over-year to 163,950 MT, led by Venezuela (52,500 MT) and Japan (51,000 MT), but new-crop sales missed estimates at 90,656 MT. USDA raised U.S. ending stocks to 938 mbu, citing higher imports and lower seed use, while the cash price edged up to $5.00 per bushel. Crude oil rebounded $4.06, contrasting wheat’s decline, as EU 2026/27 production forecasts 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 Falls on Thursday with Larger World Stocks Outlook April 09, 2026 — 06:56 pm EDT Written by Austin Schroeder for Barchart-> The wheat complex was weaker on Thursday, following an increased stocks number from USDA. Chicago SRW futures saw losses of 4 ¾ to 7 ¼ cents at the close. KC HRW futures were down 4 ¾ to 8 ¼ cents on the session. MPLS spring wheat was down 4 ¾ to 5 ¾ cents in on the day. Crude oil was back up $4.06 on Thursday.Export Sales data from this morning tallied 163,950 MT of old crop wheat business in the week of April 2, well above the week prior and 52.49% above the same week last year. Venezuela was the top buyer of 52,500 MT, with 51,000 MT sold to Japan. New crop business was shy of traders’ estimates of 150,000 MT to 400,000 MT at 90,656 MT. Mexico was the buyer of 33,800 MT, with 18,000 MT to the Philippines. 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 closed at $5.74 1/2, down 5 3/4 cents,Jul 26 CBOT Wheat closed at $5.85, down 6 1/4 cents,May 26 KCBT Wheat closed at $5.90 1/2, down 4 3/4 cents,Jul 26 KCBT Wheat closed at $6.05 3/4, down 6 1/4 cents,May 26 MIAX Wheat closed at $6.18 1/4, down 5 3/4 cents,Jul 26 MIAX Wheat closed at $6.34 3/4, down 5 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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