Market Overview
Wheat futures on the Chicago Board of Trade (CBOT) traded lower on Tuesday, with prices declining by up to 2 cents per bushel. The decline was moderated by ongoing disruptions to grain shipments from the Black Sea, which limited the magnitude of the fall.
Black Sea Shipping Disruptions
Weeks of attacks on shipping routes by Russia and Ukraine have reduced grain exports from the region, including at Novorossiysk, Russia’s primary grain export terminal.
Jordan Tender Purchase
Jordan’s state grain buyer purchased approximately 60,000 metric tons of wheat on Tuesday through an international tender that sought up to 120,000 tons, according to European traders.
German Harvest Outlook
Germany’s farming association DBV reported that the country’s 2026 winter wheat harvest, used for flour and bread production, is projected to fall 7% to 20.9 million tons, following an unusually dry spring and a record heatwave in June that damaged crops.
Futures Prices
CBOT soft red winter wheat traded flat at $6.74‑¾ per bushel. Kansas City hard red winter wheat rose 2½ cents to $7.61‑¼ per bushel, and Minneapolis spring wheat gained 4½ cents to $6.79‑½ per bushel.