Wheat Futures Climbing on the Cents Symbol Strength Across March and May Contracts

The wheat market is posting solid gains across all three major exchanges this week, with traders closely monitoring price movements measured in cents symbol increments. The Thursday mid-session action reveals a broad-based rally in the grain complex, signaling strengthening market sentiment ahead of critical data releases.

Three-Exchange Rally Shows Consistent Cents-Per-Bushel Gains

Chicago SRW futures are displaying strength with a 7 to 8 cents symbol gain at midday trading. The KC HRW contract is advancing 4 to 5 cents, while MPLS spring wheat is climbing 6 to 7 cents symbol higher during the same period. These consistent gains across the three exchanges suggest broad market support for wheat prices, with traders actively accumulating positions across different wheat varieties and contract months.

The March contracts are leading the rally, with CBOT SRW March climbing to $5.15 (up 7 1/4 cents symbol), KCBT March reaching $5.24 1/2 (up 4 3/4 cents), and MIAX March wheat posting $5.70 1/2 (up 6 3/4 cents symbol). The May futures are also participating in the upside action, reflecting confidence in the medium-term outlook. CBOT May is trading at $5.26 1/4 (up 7 1/4 cents symbol), KCBT May at $5.35 1/4 (up 4 1/2 cents), and MIAX May at $5.81 3/4 (up 6 1/2 cents symbol).

Market Awaits USDA Export Data as Traders Eye Booking Estimates

The USDA Export Sales report will be postponed until Friday morning due to the Monday holiday, creating anticipation in the market. Traders are currently estimating wheat bookings in the range of 150,000 to 450,000 MT for the reported week, which could influence price direction once the official figures are released. This wide range of expectations reflects the uncertainty traders face when economic data is delayed.

Russia’s 2026 Wheat Forecast Holds Steady Amid Global Market Movements

Russia’s wheat production estimate for 2026 remains stable at 83.8 MMT according to SovEcon’s latest assessment, unchanged from their previous projection. This steady outlook from one of the world’s largest wheat producers provides a baseline for global supply considerations, though traders continue to monitor any potential shifts in crop conditions or production expectations that could impact international wheat markets.

The current market environment reflects a combination of technical support, anticipation of delayed export data, and ongoing assessment of global supply dynamics, with price movements tracked carefully in cents symbol increments across all major trading venues.