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Wheat rises into week end as Black Sea disruptions support prices
Chicago SRW futures gained across most contracts on Friday, with September up 42.5 cents on the week, while USDA export sales totaled 2.057 million metric tons for 2026/27 as of July 9.
Wheat futures strengthened into the Friday close, with prices finishing higher across the three listed exchanges, supported by continued buying amid the escalating Black Sea conflict and export disruptions tied to strikes on ports and vessels, according to Yahoo Finance.
In Chicago SRW, contracts were up 4.75 to 9.5 cents across most maturities, while September gained 42.5 cents for the week. In Kansas City HRW, futures rallied 10.5 to 15.75 cents on the day, with September up 56 cents for the week, while MPLS spring wheat rose 6.5 to 11.5 cents on Friday, with September up 39.25 cents on the week.
Weekly USDA Export Sales reported 2026/27 wheat sales at 2.057 million metric tons as of July 9, which the article notes is 10% of the USDA export projection and ahead of the 9% average pace over the prior five years. Commitment of Traders data showed managed money reduced its net short in CBT wheat futures and options by 25,527 contracts in the week ending July 14, leaving it with 36,798 contracts, while KC wheat net long increased by 5,730 contracts to 17,494.
Additional supply and crop updates cited include France AgriMer estimating French wheat crop at 65% good or excellent, unchanged from the prior week, and harvest progress reaching 92% complete as of July 13. The article also states its author held no positions in securities mentioned.
Latest closeWheat $674.25 ▼0.5%