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Wheat futures firmed as reports said China's COFCO inquired about soft red winter wheat for shipment in the New Year. USDA weekly wheat sales reached 849,800 MT, a marketing-year high, well above analyst estimates.
Possible Chinese purchases and strong US export sales support SRW wheat prices. Wheat is a feed grain alternative to corn, so firmer wheat can lift feed grain costs.
profarmer.comOct 29, 2026After 431 past bullish trade events, Wheat (SRW) moved a median +0.0% over 5 sessions (50% higher; middle half -1.3% to +2.1%), and +0.5% over 20.
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.
