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Chicago SRW, KC HRW and MPLS spring wheat futures all closed higher on Wednesday. USDA's WASDE raised US wheat ending stocks by 3 million bushels to 743 million and world carryout by 4.78 million tonnes to 280.82 million, with production raised for Argentina, Australia, Ukraine and Kazakhstan.
Algeria's tender was expected to draw at least 700,000 tonnes.
Higher production estimates in several exporters are bearish, but firm import demand from Algeria supports prices. The net move was modestly bullish for wheat futures.
barchart.comAustin SchroederNov 11, 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.
