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Chicago and Kansas City wheat closed lower on continued reports of large world production and weaker demand, with Russia and Ukraine bombing each other's ports and freighters adding some support. Overnight chart levels were given for March contracts in Chicago and Kansas City.
Ample world wheat supplies and weak export demand point to continued pressure on wheat prices, while shipping threats from the Black Sea conflict offer only limited support.
feedlotmagazine.comSource Jack ScovilleJan 2, 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.
