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Wheat Sneaking Back Higher Early on Tuesday

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⚡ Quantum Brief
Wheat futures rebounded Tuesday after Monday’s decline, with gains of 1 to 7 cents across Chicago, Kansas City, and Minneapolis markets following prior losses of up to 17 cents per contract. USDA reported wheat export shipments at 344,272 metric tons for the week ending February 26, a 38.9% drop from the prior week and 12% below the same period last year. Saudi Arabia’s weekend wheat tender totaled 794,000 metric tons, signaling strong demand despite lower weekly export volumes to top buyers like the Philippines, Tanzania, and Mexico. Marketing-year exports for 2025/26 reached 18.62 million metric tons, up 18.8% year-over-year, though near-term weather forecasts show limited precipitation in key growing regions. March 2026 contracts showed mixed recovery: Chicago wheat rose 5 cents, Kansas City gained 6.5 cents, and Minneapolis added 1.25 cents after Monday’s losses.
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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 Sneaking Back Higher Early on Tuesday March 03, 2026 — 01:52 pm EST Written by Austin Schroeder for Barchart-> Wheat is trading with Tuesday morning gains, up 1 to 7 cents across the three markets. The wheat complex was in give back mode on Monday, with all three markets weaker. Chicago SRW futures were down 14 to 17 cents across most contracts. Preliminary open interest was down 2,709 contracts on Monday, mainly in May. KC HRW futures were down 5 to 6 cents at the close. OI slipped 729 contracts. MPLS spring wheat as down 1 to 3 cents on Monday.The 7-day forecast is calling for less than ½ inch of precip in western potions of KS, and the OK/TX panhandles. Eastern portions of the Plains are seen with heavier precip totals. Don’t Miss a Day: From crude oil to coffee, sign up free for Barchart’s best-in-class commodity analysis. USDA’s FGIS tallied wheat export shipments at 344,272 MT (12.65 mbu) during the week ending on February 26. That was 38.9% below the week prior and 11.98% shy of than the same week last year. The Philippines was the top destination of 88,227 MT, with 47,000 MT headed to Tanzania and 39,587 MT to Mexico. Marketing year exports for 2025/26 are 18.62 MMT (684 mbu) since June 1, which is now 18.82% above the same period last year.Saudi Arabia purchased a total of 794,000 MT of wheat in their tender over the weekend.Mar 26 CBOT Wheat closed at $5.74 1/2, down 16 3/4 cents, currently up 5 centsMay 26 CBOT Wheat closed at $5.77 1/4, down 14 1/4 cents, currently up 3 1/2 centsMar 26 KCBT Wheat closed at $5.67, down 5 3/4 cents, currently unchMay 26 KCBT Wheat closed at $5.74 3/4, down 5 3/4 cents, currently up 6 1/2 centsMar 26 MIAX Wheat closed at $5.98 1/2, down 1 3/4 cents, currently up 1 1/4 centsMay 26 MIAX Wheat closed at $6.10, down 2 3/4 cents, currently up 2 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 Looking for the Next Silver Rally?

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