Weekly Wheat Quotes Set to Open Strong This Friday

fork_in_the_road · 2026-01-04T15:45:29+00:00

Wheat markets are set for a bullish session, with recent trading showing strong export commitments up 22% from last year and weather patterns affecting yield expectations. Prices have risen across major exchanges, supporting continued market momentum.

fork_in_the_road

2026-01-04 15:45:29

Abstract generation in progress

Wheat markets are gearing up for a bullish session when trading resumes Friday morning at 8:30 am CST. The three major exchanges delivered impressive performance in Wednesday’s abbreviated session, with prices across the board moving higher on fresh buying interest.

Contract-by-contract breakdown shows Chicago SRW posting gains of 4 to 6 cents, while Kansas City HRW jumped 5 to 6 cents in nearby contracts. Minneapolis spring wheat remained relatively flat with modest upside of around a penny. Open interest declined by 3,571 contracts on the day, suggesting some profit-taking alongside the rally.

Export Momentum Exceeds Seasonal Pace

The real story lies beneath the surface in the export numbers. As of December 11, wheat export commitments hit 19.855 million metric tons—a remarkable 22% ahead of the prior year’s pace. This figure represents 81% of the USDA’s projected full-year marketing allotment, running faster than the historical 79% average sales rate. Strong international demand continues to underpin prices.

Weather Pattern and Technical Setup

The 7-day forecast paints a mixed picture for agricultural regions. The Plains should see light precipitation across most areas, though some SRW growing zones could receive heavier totals. Traders will be watching this closely, as moisture conditions directly impact yield expectations.

Friday’s short-session quotes should reflect these fundamental supports. Mar 26 CBOT wheat closed Wednesday at $5.21 3/4 (up 4 3/4 cents), while May 26 CBOT wrapped at $5.32 1/4 (up 5 cents). Kansas City contracts showed similar strength, with Mar 26 KCBT at $5.34 (up 6 cents) and May 26 at $5.46 (up 6 cents). Minneapolis May 26 futures settled at $5.90 1/4, unchanged on the session.

With export data favoring higher prices and weather concerns supporting the bulls, wheat appears poised for continued momentum heading into the weekend.

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