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Wheat Rally Nearing March Highs at Midday

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⚡ Quantum Brief
Wheat futures surged midday Thursday, with Kansas City HRW leading gains at 16–18 cents higher in front-month contracts, while Chicago SRW and Minneapolis spring wheat rose 5–11 cents. Export sales for the week of April 9 hit 100,318 metric tons of old-crop wheat, below estimates but up 31% year-over-year, while new-crop sales reached 131,000 metric tons. Taiwan’s mill importers issued a tender for 105,950 metric tons of U.S. wheat, due April 23, while Algeria purchased 400,000 metric tons of durum wheat in a separate tender. May and July contracts climbed across exchanges: CBOT wheat reached $5.99–$6.07, KCBT hit $6.42–$6.54, and MIAX traded at $6.50–$6.65. The rally nears March highs amid steady demand, though old-crop sales lagged expectations, signaling mixed 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 Rally Nearing March Highs at Midday April 16, 2026 — 05:32 pm EDT Written by Austin Schroeder for Barchart-> The wheat complex is trading with gains across most contracts so far on the Thursday session. Chicago SRW futures are 5 to 6 cents higher so far. KC HRW futures is leading the bull’s charge, up 16 o 18 cents in the front months. MPLS spring wheat is up 10 to 11 cents at midday.Export Sales data will from Thursday morning shows just 100,318 MT of old crop wheat sold in the week of 4/9, on the lower side of estimates of 75,000 to 250,000 MT. That was down 38.68% from last week but up 31.14% from the same week last year. New crop business was in the middle of the estimated 75,000 MT to 250,000 MT at 131,000 MT. Don’t Miss a Day: From crude oil to coffee, sign up free for Barchart’s best-in-class commodity analysis. Taiwan mill importers issued a tender to buy 105,950 MT of wheat from the US, due next Thursday. Algeria purchased an estimated 400,000 MT of durum wheat in a tender on Wednesday. May 26 CBOT Wheat is at $5.99 3/4, up 6 cents,Jul 26 CBOT Wheat is at $6.07 1/4, up 5 1/2 cents,May 26 KCBT Wheat is at $6.42 3/4, up 17 1/4 cents,Jul 26 KCBT Wheat is at $6.54 3/4, up 16 1/4 cents,May 26 MIAX Wheat is at $6.50, up 10 1/2 cents,Jul 26 MIAX Wheat is at $6.65 1/4, up 11 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?

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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.

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