Market Outlook for U.S. Wheat Futures
U.S. wheat futures are projected to open lower by 3 to 5 cents per bushel when trading resumes at 8:30 a.m. CDT on Monday. The downward pressure stems from traders taking profits after the contract reached a two‑year high on the previous Friday.
Related Commodity Movement
Crude oil prices also moved lower on the same session, adding to the broader risk‑off sentiment in commodity markets.
Supply‑Side Geopolitical Concerns
The article notes that concerns over global grain supplies remain elevated because of ongoing attacks by Russia and Ukraine in the Black Sea and Sea of Azov. Regional authorities reported that Ukrainian air attacks killed two people and wounded 17 in the Russian southern cities of Rostov‑on‑Don and Belgorod. Rostov‑on‑Don is highlighted as a major wheat export hub situated near the Sea of Azov.
Diplomatic Developments
A high‑level meeting is scheduled for Tuesday in Washington, where U.S. President Donald Trump and Ukrainian President Volodymyr Zelenskiy will discuss matters of regional importance.
Current Wheat Price Levels
- CBOT September soft red winter wheat: down 3 cents, trading at $6.75 per bushel.
- Kansas City September hard red winter wheat: down 4 cents, trading at $7.41‑¼ per bushel.
- Minneapolis September spring wheat: down 5 cents, trading at $7.09‑¼ per bushel.
The article was generated with AI assistance and reviewed by an editor.