Wheat prices are experiencing notable gains on Thursday, with Chicago SRW contracts up by $0.08 to $0.115, KC HRW futures rising by $0.06 to $0.0925, and MPLS spring wheat increasing by $0.06 to $0.07. This upward trend is driven by various factors, including a tender from Taiwan for 98,150 metric tons (MT) of US wheat and an upward revision of Ukraine's 2026/27 wheat production to 23 MMT.
Despite the positive price movement, USDA's latest export sales data, released today, showed 313,103 MT of wheat sold in the week of July 2
