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Wheat Leading the Rally to Start Friday

Barchart
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⚡ Quantum Brief
Wheat futures surged Friday, extending double-digit gains across Chicago, Kansas City, and Minneapolis exchanges, with Chicago SRW up 16 cents and Kansas City HRW rising 20 cents on Thursday. Crude oil’s $5.32 spike provided spillover support, amplifying wheat’s rally as broader commodity markets climbed, though export sales fell 16.4% week-over-week and 40% year-over-year to 203,100 MT. Statistics Canada reported 26.74 million acres of wheat planned for spring planting, slightly above forecasts, while spring wheat acreage dipped to 18.78 million, below 2025 levels. France’s wheat crop remained stable at 84% good/excellent, matching prior ratings, with durum conditions holding at 81%, signaling steady European supply conditions. Open interest rose by 10,226 contracts, reflecting heightened trader activity as May 2026 CBOT wheat futures climbed 18 cents, reinforcing bullish market sentiment.
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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 Leading the Rally to Start Friday March 06, 2026 — 10:15 am EST Written by Austin Schroeder for Barchart-> Wheat is showing double digit gains continue on Friday morning in the three markets. Crude oil is up another $5.32 on Friday morning to provide some more spillover support. The wheat complex posted digit gains across the three exchanges on Thursday. Chicago SRW futures were up 12 to 16 cents at the close. Open interest was up 10,226 contracts on Thursday. KC HRW futures were 13 to 20 cents in the green on the day. MPLS spring wheat was 6 ½ to 10 1/2 cents higher on the session. AExport Sales data from Thursday morning showed just 203,100 MT of wheat sold in the week ending on 2/26. Mexico was the top buyer of 74,500 MT, with 72,000 MT sold to Indonesia. That was down 16.41% from last week and 40.04% below the same week last year. New crop business was at 55,000 MT, all to Thailand. Don’t Miss a Day: From crude oil to coffee, sign up free for Barchart’s best-in-class commodity analysis. Statistics Canada planting intentions data from this morning showed a total of 26.74 million acres of wheat expected this spring, slightly above estimates. Spring wheat was tallied at 18.78 million acres, slightly below 2025.The FranceAgriMer estimates the French wheat crop at 84% good/excellent, matching the rating from the previous week. Durum conditions were steady at 81%. Mar 26 CBOT Wheat closed at $5.82 3/4, up 16 cents, currently unchMay 26 CBOT Wheat closed at $5.83 3/4, up 15 1/2 cents, currently up 18 centsMar 26 KCBT Wheat closed at $5.85 1/4, up 20 cents, currently unchMay 26 KCBT Wheat closed at $5.92 1/2, up 20 cents, currently up 15 1/2 centsMar 26 MIAX Wheat closed at $6.08, up 9 1/4 cents, currently unchMay 26 MIAX Wheat closed at $6.20 1/2, up 10 1/4 cents, currently up 11 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. 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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