Wheat futures trade mixed Thursday as USDA reports 504,489 MT in weekly export sales

Wheat futures were mixed on Thursday, with Chicago SRW and MIAX contracts edging higher while most Kansas City HRW and Minneapolis spring wheat contracts declined. USDA reported weekly export sales of 504,489 MT for the week of 6/18, near the top of trade estimates of 250,000 to 600,000 MT. The sales total was 25.86% above the prior week and nearly double the same week last year. Global 2026/27 wheat production was estimated at 821 MMT, while ending stocks were revised lower and EU production and stocks were also trimmed.