
Wheat futures traded with small gains Wednesday morning after losses in the previous session, led by HRW contracts. NASS data showed 83% of the US winter wheat crop planted as of November 1, with 44% rated good/excellent.
IKAR cut its 2026/27 Russian wheat export estimate by 2.5 MMT to 39.5 MMT.
A lower Russian export forecast tightens global wheat supply and supports prices, though the modest moves and routine crop data keep the impact limited. Feed buyers face little immediate change in wheat cost.
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.