Wheat Rallying on Monday Morning

Wheat Rallying on Monday Morning

Austin Schroeder

Mon, August 24, 2026 at 3:31 PM GMT+3 2 min read

• ZW=F +0.71%

Wheat is back to stronger trade on Monday morning, with contracts 7 to 13 cents higher. The wheat complex is in the red across the three exchanges on Friday. Chicago SRW contracts were fractionally to 1 ¼ cents lower on Friday, with September up 6 ¾ cents on the week. KC HRW futures posted losses of 1 ¾ to 6 cents on the session, with September holding onto a 2 cent gain for the week. MPLS spring wheat was down 2 ½ to 4 cents lower at the close, with September rallying 20 cents on the week.

CFTC's weekly Commitment of Traders report showed managed money cutting back 4,916 contracts from their CBT wheat net short position in the week of 8/18 to a net short of 26,485 contracts. In KC wheat, they added back 7,173 contracts to their net long to 34,835 contracts.

More News from Barchart

The weekly USDA Export Sales report has tallied 2026/27 wheat sales at 7.936 MMT, now down 31% from last year. That is 38% of the current USDA export estimate and lags the 49% pace from last year and the 45% average.

Sovecon estimates the Russian wheat crop at 88.2 MMT for 2026, a 0.3 MMT decline from the previous number.

Sep 26 CBOT Wheat closed at $6.81 1/2, down 1 1/4 cents, currently up 12 1/2 cents

Dec 26 CBOT Wheat closed at $6.99 1/4, down 3/4 cent, currently up 12 1/4 cents

Sep 26 KCBT Wheat closed at $7.56 1/4, down 6 cents, currently up 10 cents

Dec 26 KCBT Wheat closed at $7.72 1/2, down 4 cents, currently up 10 1/4 cents

Sep 26 MIAX Wheat closed at $6.98 1/4, down 2 1/2 cents, currently up 7 1/4 cents

Dec 26 MIAX Wheat closed at $7.25 1/2, down 3 1/4 cents, currently 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. This article was originally published on Barchart.com