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.