Chicago wheat falls on profit-taking
Wheat prices on the Chicago Exchange declined as a result of profit-taking following the drop in global oil prices. Winter soft red and hard red wheat contracts fell by between 1.25 and 1.5 cents, while spring wheat in Minneapolis rose by 2.5 cents. Despite this, prices remain supported by concerns over disruptions to grain shipments from Black Sea ports and signs of a global crop shortage, especially with the expected 10.9% decrease in Canadian production in 2026 to 36.1 million tons, which has helped support the market.
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