Chicago Wheat Commodity Markets, Prices & Futures
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Latest News From Chicago Wheat
Both classes of winter wheat ended limit up on the day as USDA shocked the market with their aggressive production cuts in the May WASDE according to Arlan Suderman, chief commodities economist, StoneX.
USDA forecasts historic wheat lows and record soybean gains amid drought, trade tensions, and rising input costs for the 2026/27 season.
Vince Boddicker with Farmers Trading Company, says grain markets rallied on Monday adding risk premium on the war headlines but also positioning ahead of the May WASDE and China summit.
Seasonal weather models are beginning to hint at improved moisture chances across the western Plains, offering drought-weary producers cautious optimism heading into late spring and summer.
Cattle futures posted lower weekly closes and Brad Kooima with Kooima Kooima Varilek says the action was a red flag to him since it came after record fed cash trade.
Three potentially market-moving events will test the resilience of the spring grain rally, offering a clearer direction for the new crop year’s market fundamentals.
Dan Basse with Ag Resource Company says grains chopped following crude oil most of the week but rallied on Friday adding in war premium. Plus, soybeans led gains on talk of China buying soybeans.
Oklahoma State’s new OSU P92 purple wheat variety combines climate resilience with the nutritional power of anthocyanins found in superfoods like blueberries, blackberries and black beans.
Scott Varilek of Kooima Kooima Varilek says cash cattle trade hit record levels on Thursday and helped pull futures higher Friday. Grains are trying to recover from the big wash out with crude oil this week.
Jeff Hoogendoorn with Professional Ag Marketing says grains were still tied to crude oil today and corn and soybeans ended off their lows when that market recovered. Cattle fell despite record cash up to $260.