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Wheat futures rose across the Chicago, Kansas City and Minneapolis exchanges, with the gains supported by stronger corn and soybean markets. USDA raised U.S. wheat ending stocks by 3 million bushels and world carryout by 4.78 million tonnes, citing lower U.S. food use and higher production forecasts for Argentina, Australia, Ukraine and Kazakhstan.
U.S. winter wheat planting was 89% complete as of November 8, while crop conditions improved to 49% good or excellent.
Higher production and carryout estimates point to greater wheat availability and are bearish for prices, though the reported futures gains show support from strength in other grain markets.
barchart.comAustin SchroederNov 11, 2026After 1,006 past bearish report events, Wheat (SRW) moved a median +0.0% over 5 sessions (50% higher; middle half -1.6% to +1.8%), and +0.3% over 20.
After 138 past bearish report events, Wheat (HRW) moved a median +0.0% over 5 sessions (50% higher; middle half -2.9% to +2.4%), 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.
