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Wheat Rallying as Traders Look to Close Out February

Barchart
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⚡ Quantum Brief
Wheat futures surged Friday morning, led by winter wheat contracts, with Chicago SRW up 17.75 cents and Kansas City HRW rising 15 cents after mixed Thursday trading. Export sales hit a six-week low at 242,964 metric tons, down 9.68% year-over-year, though new-crop sales reached a 2026/27 high of 107,015 MT, exceeding expectations. France’s soft wheat crop quality declined to 84% good/excellent, a 4-point drop from last week, signaling potential supply concerns in a key producing region. Southern Plains precipitation forecasts show uneven coverage, with western areas missing critical moisture, threatening wheat-growing conditions. Open interest rose by 425 contracts Thursday, while no deliveries occurred overnight, indicating strong trader activity ahead of February’s close.
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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 Rallying as Traders Look to Close Out February February 27, 2026 — 10:53 am EST Written by Austin Schroeder for Barchart-> Wheat is shooting higher across the three markets on Friday morning, as the winter wheats are leading the charge. The wheat complex was mixed on Thursday, as some contracts found some late-day strength. Chicago SRW futures were up 4 to 6 cents in the front months. Open interest was up 425 contracts on Thursday. KC HRW futures were down 1 to 2 cents at the close. There were no deliveries against Chicago or KC wheat overnight on FND. MPLS spring wheat was steady to 2 cents in the green on the day.A band of precip is expected to hit parts of the Southern Plains in the next week, with key portions of the western half missing out one some moisture. Don’t Miss a Day: From crude oil to coffee, sign up free for Barchart’s best-in-class commodity analysis.

Weekly Export Sales for the week of 2/19 was out this morning, with a total of 242,964 MT reported. That was a 6-week low and down 9.68% from the same week last year. The largest buyer was Mexico at 135,300 MT, with 67,900 MT sold to Nigeria. New crop sales exceeded the expected range of 0 to 50,000 MT at 107,015 MT, a MY high for 2026/27. The French soft wheat crop is estimated at 84% good/excellent, down 4 percentage points from the week prior according to the FranceAgriMer. Mar 26 CBOT Wheat closed at $5.71 3/4, up 6 cents, currently up 17 3/4 centsMay 26 CBOT Wheat closed at $5.74 1/2, up 4 3/4 cents, currently up 13 centsMar 26 KCBT Wheat closed at $5.51 1/2, down 1 cent, currently up 15 centsMay 26 KCBT Wheat closed at $5.62 1/4, down 2 cents, currently up 14 centsMar 26 MIAX Wheat closed at $5.84 1/2, unch, currently down 1/2 centMay 26 MIAX Wheat closed at $5.99 3/4, up 1 3/4 cents, currently up 6 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. 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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