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CBOT Wheat Futures Surge 7.10% to $6.79/Bu on USDA Report

2026-05-12 19:01:28

According to Bloomberg commodity data, CBOT wheat futures surged 7.10% to $6.79 per bushel on Tuesday (May 12) New York close, hitting a daily high after the U.S. Department of Agriculture (USDA) released its monthly grain inventory report. CBOT corn futures rose 0.74% to $4.7875/bu, while soybean futures climbed 1.01% to $12.2525/bu. Soybean meal and soybean oil futures also gained 1.17% and 2.10%, respectively.

Disclaimer: The information on this page may come from third-party sources and is for reference only. It does not represent the views or opinions of Gate and does not constitute any financial, investment, or legal advice. Virtual asset trading involves high risk. Please do not rely solely on the information on this page when making decisions. For details, see the Disclaimer.

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