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Wheat futures rose recently, with MGE hard red spring wheat up $0.09/bu and Kansas City up $0.14/bu on the week. Cash basis levels in western Canada and North Dakota have pulled back sharply to near the low end of their three-year range, and Euronext futures have weakened relative to US contracts.
Barley exports are running at multi-year highs.
Cash weakness and reduced US export competitiveness suggest futures may correct lower, while firm barley demand supports feed grain prices.
vespertool.comMegan HiddenMar 20, 2026Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
