# Morning Grains Comments 01/02/26 | Market Reports | feedlotmagazine.com

> 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.

- Date: 2026-01-02 · published 2026-01-02T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/9166-morning-grains-comments-01-02-26-market-reports-feedlotmagazine-com
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Wheat (HRW)](https://feedsoft.ai/c/KWHEAT.md), [Ocean Grain Freight](https://feedsoft.ai/c/OCEANFRT.md)

## Why it matters

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.

## Read by commodity

- WHEAT: bearish ▼
- KWHEAT: bearish ▼
- OCEANFRT: bullish ▲

## Sources

- feedlotmagazine.com: https://www.feedlotmagazine.com/market_reports/morning-grains-comments-01-02-26/article_2b72ede5-810e-4dd4-8513-de4f2cbb94a3.html

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.