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Wheat futures fell 13 to 15 cents on Friday as crude oil dropped $2.08 per barrel and money left the market ahead of the weekend, with the US president reviewing a proposed US-Iran agreement. USDA export sales showed net old-crop cancellations of 807,348 MT and new-crop sales of 1.058 MMT.
Lower crude and risk-off flows pressure wheat in the short term, though strong new-crop sales offer support. This is routine price movement with no new supply change.
barchart.comAustin SchroederMay 29, 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.
