Chicago / Global Markets – Wheat futures remained under pressure on Monday, extending the weakness seen in last week’s trade as the dollar strengthened and commodity selling continued. The broad wheat complex — including soft red winter (SRW), hard red winter (HRW) and spring wheat contracts — traded lower across major exchanges as the new trading week began. Chicago SRW futures shed around 10–11½ cents in early trade.
Trading activity reflected broad downside momentum amid stronger U.S. dollar indices and persistent supply-driven selling. Market watchers also highlighted recent USDA export inspections pointed to solid year-on-year shipment gains but a weekly slowdown in export activity, keeping traders cautious. Such dynamics are adding to the downward pressure on prices as traders reassess demand strength.
Wheat futures opened weaker across all three major U.S. contracts on Monday morning, with losses continuing from Friday’s session. Analysts point to the stronger dollar and overall commodity weakness as key bearish forces. • Global supply conditions remain ample — record production in major exporting regions, sufficient stock levels, and easing logistical bottlenecks have softened price support in the grain markets. Recent reports underline an ongoing downtrend in grain prices more broadly, led by robust harvests and steady exportable supplies.
With crude oil and broader commodities under pressure, grains have faced spillover selling. Traders will be watching upcoming crop condition updates, and export sales data for clues on whether this weakness will persist or if seasonal demand and tighter Southern Hemisphere weather could offer support later in the year.
