The wheat market saw gains across all three major exchanges on Tuesday, November 10, 2026, supported by stronger corn and soybean markets. Chicago SRW wheat futures rose between 3 ¾ and 4 ¾ cents, while KC HRW wheat futures climbed 1 3/4 to 3 ¾ cents. Minneapolis spring wheat futures led the gains, closing 6 to 13 ½ cents higher.
The USDA's monthly WASDE report, released the same day, adjusted the US wheat ending stocks up by 3 million bushels to 743 million bushels due to a 3 million bushel reduction in food use. Globally, wheat carryout increased by 4.78 million metric tons to 280.82 million metric tons, with production rising by 5.12 million metric tons. Key contributors to the production increase included Argentina, Australia, Ukraine, and Kazakhstan.
NASS Crop Progress data indicated that 89% of the US winter wheat crop had been planted as of November 8, 2026, slightly below the 5-year average. Emergence stood at 76%, slightly ahead of the normal pace, with condition ratings improving by 5% to 49% good/excellent. The Brugler500 index score rose by 10 points to 337.
European Commission data revealed that EU wheat exports from July 1 to November 8, 2026, totaled 10.05 million metric tons, up from 9.89 million metric tons in the same period last year. Key closing prices included Dec 26 CBOT Wheat at $5.92 3/4, up 4 3/4 cents, and Mar 27 CBOT Wheat at $6.05 1/4, also up 4 3/4 cents.