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The wheat complex closed lower on Tuesday, led by HRW contracts, with CBOT SRW down 6¼ to 8¾ cents. NASS data showed 83% of US winter wheat planted and an initial condition rating of 44% good/excellent.
IKAR cut its 2026/27 Russian wheat export estimate by 2.5 MMT to 39.5 MMT.
A lower Russian export forecast supports wheat prices, but the sell-off in US wheat and steady crop progress offset it. Feed buyers face mixed signals on wheat costs.
barchart.comAustin SchroederNov 3, 2026Not 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.
