# Wheat price commentary: Futures rally on tight Black Sea supply, steady premiums - Fastmarkets

> Wheat futures rose on Feb. 20, with CBOT SRW March up 13 cents to $5.72/bu and KC HRW March up 11 cents to $5.77/bu. Euronext March milling wheat gained €3.50/t to €197.25, driven by limited Russian selling and firm Black Sea sentiment.

- Date: 2026-02-23 · published 2026-02-23T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/14142-wheat-price-commentary-futures-rally-on-tight-black-sea-supply-steady-premiums
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Wheat (HRW)](https://feedsoft.ai/c/KWHEAT.md)

## Why it matters

Limited Russian offers and firm export premiums support global wheat futures, reinforcing higher feed-grain and milling costs.

## Read by commodity

- WHEAT: bullish ▲
- KWHEAT: bullish ▲

## Sources

- fastmarkets.com: https://www.fastmarkets.com/insights/wheat-price-commentary-futures-rally-on-tight-black-sea-supply-steady-premiums/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.