The wheat complex held losses across the three markets on Tuesday. CBT soft red wheat futures were down 5 to 6 cents. Preliminary open interest was down 10,535 contracts on Friday, suggesting some short covering. KC HRW futures were 8 to 10 cents lower on the Tuesday session. There were another 262 deliveries issued against September KC wheat. MPLS spring wheat was 5 to 6 cents lower at the close.
The weekly Crop Progress report indicated 72% of the spring wheat crop was harvested by Sunday, 1 percentage point above normal. Winter wheat harvest was removed this week, with the crop’s planting progress for the 2026 crop expected next week.
