Back to News
investment

Wheat Holds onto Rally on Monday, as Condition Ratings Slip

Barchart
Loading...
3 min read
0 likes
⚡ Quantum Brief
Wheat futures surged across all three major exchanges on April 13, 2026, with Chicago SRW up 11¼ cents, KC HRW rising 12¼ cents, and MPLS spring wheat climbing 13 cents. Crop condition ratings declined, with winter wheat’s "good/excellent" rating dropping 1% to 34%, while the Brugler500 index fell 3 points to 295, signaling potential supply concerns. Winter wheat heading reached 11%, exceeding the 5-year average of 7%, but spring wheat planting lagged at 6% versus the 7% average, hinting at delayed crop progress. Weekly wheat exports totaled 320,797 MT, down 6.44% from the prior week and 47.62% year-over-year, though 2025/26 marketing year exports remain 14.64% above last year’s pace. Crude oil rose $1.42 amid geopolitical tensions after US-Iran negotiations stalled, though gains softened following Trump’s remarks about Iran’s willingness to negotiate.
AI Audio Summary
0:00 / 0:00
Click to play
99d6e805-9ff2-439c-ba4f-1232238f23dd.jpeg
Quantum News · Media Library

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 Holds onto Rally on Monday, as Condition Ratings Slip April 13, 2026 — 08:20 pm EDT Written by Austin Schroeder for Barchart-> The wheat complex posted strength on Monday, with double digit gains across the three exchanges. Chicago SRW futures were 6 to 11 1/4 cents higher at the close. KC HRW futures were 5 to 12 1/4 cents in the green on the day. MPLS spring wheat were up 10 to 13 cents on the day. Crude oil was up just $1.42 on the day, coming well off the highs, following the breakdown of US/Iran negotiations this weekend. Pressure came later in the session after President Trump stated Iran was wanting to make a deal.Crop Progress data showed winter wheat at 11% headed as of Sunday, compared to the 5-year average of 7%. Condition ratings were down 1 point to 34% good/excellent, with the Brugler500 index slipping 3 points to 295. Don’t Miss a Day: From crude oil to coffee, sign up free for Barchart’s best-in-class commodity analysis. Spring wheat was listed at 6% planted, now lagging the 7% average pace.USDA’s FGIS tallied wheat export shipments at 320,797 MT (11.79 mbu) during the week ending on April 9. That was 6.44% below the week prior and 47.62% below the same week last year. Mexico was the top destination of 113,955 MT, with 52,812 MT headed to Philippines and 55,246 MT to Taiwan. Marketing year exports for 2025/26 are 21.026 MMT (1.127 bbu) since June 1, which is now 14.64% above the same period last year.May 26 CBOT Wheat closed at $5.82 1/4, up 11 1/4 cents,Jul 26 CBOT Wheat closed at $5.91 1/4, up 10 1/2 cents,May 26 KCBT Wheat closed at $6.03 1/4, up 12 1/2 cents,Jul 26 KCBT Wheat closed at $6.16 1/2, up 11 1/2 cents,May 26 MIAX Wheat closed at $6.25 1/2, up 13 cents,Jul 26 MIAX Wheat closed at $6.39 1/4, up 12 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 Grain Prices Are Trending Higher: What Bulls Should Watch This Week Looking for the Next Silver Rally?

Speculative Bulls Are Turning to Grain Futures.

Are Wheat Prices too Low?

Surging Winter Wheat Prices Are Lifting Grain Futures Across the Board. What to Watch Next. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Tags Stocks Barchart With headquarters in the heart of Chicago's financial district, Barchart has been an industry-leader since 1995 when we launched Barchart.com as one of the first websites for commodities and futures market data. Since then, we have evolved into a global financial technology leader providing market data and services to the global financial, media, and commodity industries. More articles by this source-> More Related Articles This data feed is not available at this time. Data is currently not available • Sign up for the TradeTalks newsletter to receive your weekly dose of trading news, trends and education. Delivered Wednesdays.

Read Original

Source Information

Discussion

0 professional contributions

Sign in to join this professional discussion.

Be the first to add a constructive contribution.