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Wheat Rally Leading the Grain Bull’s Charge on Friday

Barchart
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⚡ Quantum Brief
Wheat futures surged midday Friday, with Chicago SRW up 13–14 cents, KC HRW rising 12–13¼ cents, and MPLS spring wheat gaining 7–8 cents, leading a broader grain market rally. Export sales for the week of February 12 hit 287,974 metric tons, falling 41% from the prior week and 46% year-over-year, landing at the low end of the 250,000–600,000 MT estimate range. NOAA’s 90-day outlook forecasts drier, warmer conditions across the U.S. Hard Red Winter wheat region through May, raising concerns over potential yield reductions due to prolonged dryness. French soft wheat quality ratings dropped to 88% good/excellent, a 3-point decline from last week, signaling potential supply tightness in a key global wheat producer. March and May 2026 wheat contracts climbed across exchanges, with CBOT May wheat reaching $5.80¾, KCBT May at $5.90, and MIAX May hitting $6.02.
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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 Rally Leading the Grain Bull’s Charge on Friday February 21, 2026 — 08:48 am EST Written by Austin Schroeder for Barchart-> The wheat complex is in rally mode so far on Friday. Chicago SRW futures are posting 13 to 14 cent gains at the midday portion of the session. KC HRW futures are 12 to 13 1/4 cents higher on Friday. MPLS spring wheat is 7 to 8 cents in the green at middayExport sales data from this morning showed 287,974 MT of wheat sold in the week of 2/12, on the lower end of the 250,000 MT and 600,000 MT range of estimates. That was down 40.99% from last week and a 45.94% drop from the same week last year. Don’t Miss a Day: From crude oil to coffee, sign up free for Barchart’s best-in-class commodity analysis. A majority of the US HRW area is expected to be drier in the next week, with a longer term 90 day CPC outlook from NOAA released on Thursday showing warmer temps in the southern and dryness through May.French soft wheat ratings are pegged at 88% good/excellent according to FranceAgriMer, down 3 points from last week.Mar 26 CBOT Wheat is at $5.73, up 13 1/2 cents,May 26 CBOT Wheat is at $5.80 3/4, up 14 cents,Mar 26 KCBT Wheat is at $5.78, up 12 1/2 cents,May 26 KCBT Wheat is at $5.90, up 13 1/4 cents,Mar 26 MIAX Wheat is at $5.90, up 7 1/2 cents,May 26 MIAX Wheat is at $6.02, up 7 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 Can Soybeans Continue to Rally?

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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.

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