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CBOT wheat hits six-week high ahead of USDA crop report
Wheat futures rose during early trading on Friday (10 July) at the Chicago Board of Trade, with contracts reaching a six-week high ahead of a key government crop report.
Dr.G.R.Balakrishnan Jul 13 2026 Exim & Trade News

CBOT wheat hits six-week high ahead of USDA crop report

CBOT wheat climbed 12 to 14 cents per bushel as traders adjusted positions before the U.S. Department of Agriculture releases monthly crop data at 12 p.m. EDT.   The USDA is expected to reduce its estimate of 2026-27 U.S. wheat ending stocks to 714 million bushels from 744 million in June, based on a poll of analysts.   CBOT September soft red winter wheat was last up 13-1/4 cents at $6.33 per bushel. K.C. September hard red winter wheat rose 15-3/4 cents to $6.70 per bushel, while Minneapolis September spring wheat gained 9-1/2 cents to $6.48-1/2 per bushel.

Grain trade association Coceral reduced its forecast of soft wheat production in the European Union and Britain by 2% due to heat conditions.      Traders monitored signs of a potential escalation in the Russia-Ukraine war. Both countries are major grain exporters.