CBOT wheat stumbles on supply, technical trading
CHICAGO, Feb 17 (Reuters) - Chicago Board of Trade wheat futures moved back from multi-month highs struck in the previous week as ample global supply and technical trading weighed on the market on Tuesday, analysts said.
CBOT March soft red winter wheat WH26 settled 11 cents lower to $5.37-3/4 per bushel.
K.C. March hard red winter wheat KWH26 ended 3-3/4 cents lower to $5.38-3/4 a bushel and Minneapolis March spring wheat MWEH26 settled unchanged at $5.71-3/4 a bushel.
News on Friday of a 3 million metric ton increase to consultancy IKAR's forecast for Russia's 2026 wheat crop, plus the announcement that India will allow the export of 2.5 million tons of wheat, drew attention back to abundant global supplies.
Agricultural consultancy Sovecon raised its 2026 Russian wheat harvest forecast on Tuesday by 2.1 million metric tons to 85.9 million tons.
Related Articles
The Magnificent Seven: What They Are, How They Performed in 2025, and Which Will Be the Best in 2026?
TradingKey - The Magnificent Seven refers to the seven best tech stocks in 2023. These are Apple (AAPL), Microsoft (MSFT), Alphabet (GOOG) (GOOGL), Amazon (AMZN), Nvidia (NVDA), Meta Platforms (META), and Tesla (TSLA). These technology titans are developing products related to Artificial Intelligenc
Bitcoin Price Prediction 2029-2035: Institutional Accumulation and the U.S. Treasury’s Strategic Reserve Pivot
Explore the 2026 Bitcoin landscape: From the U.S. Strategic Reserve and Michael Saylor’s $75B war chest to Cathie Wood’s 2030 forecast. Is BTC the new Digital Gold?
This $1 Trillion AI Stock Is Getting Ready for 2026: Is Meta a Good Buy?
When ads and commerce are factored in, Meta is building a long-term platform—in Augmented Reality and smart glasses — to get us closer to the future of AI. This device hardware business is less profitable than ads right now, but it could grow the company’s ecosystem and open up new ways for it to ma
Is SaaS Dead? The Truth Behind the Software Meltdown, the Missing Floor, and the Peak That’s Not Coming Back
TradingKey - A trillion dollars just vanished from software stocks—this piece breaks down who AI is really killing, who quietly benefits, and why cheap SaaS may be the biggest value trap of this cycle.
