Wheat Futures Jump 12 Cents as USDA Logs 313,103 MT Sales and Taiwan Seeks 98,150 MT
Updated
Updated · Barchart · Jul 10
Wheat Futures Jump 12 Cents as USDA Logs 313,103 MT Sales and Taiwan Seeks 98,150 MT
3 articles · Updated · Barchart · Jul 10
Summary
Chicago SRW wheat rose as much as 12 cents Thursday, with KC HRW up 9 cents and spring wheat also higher, leading the grain complex.
USDA reported 313,103 metric tons of 2026/27 wheat export sales for the week ended July 2, up from the prior week, while Taiwan issued a tender for 98,150 metric tons of U.S. wheat.
The sales rebound still lagged last year by 45.86%, with South Korea buying 101,000 metric tons, Nigeria 100,000, and Mexico 68,600.
Attention now shifts to Friday's USDA crop and WASDE reports, where analysts expect U.S. all-wheat production at 1.527 billion bushels and carryout down 26 million bushels to 718 million.
Global supply signals were mixed ahead of that update: Argentina's 2026/27 crop estimate rose to 20.5 million metric tons, while EU output forecasts were cut and French crop ratings slipped to 65% good-to-excellent.