Wheat International News
16-May-2026 08:25 AM
Wheat International News
Managed money added 9,120 contracts to their net long position in CBT wheat futures and options as of 5/12, taking it to 19,023 contracts, mainly through new shorts. In KC wheat futures and options, speculative funds trimmed just 79 contracts from their net long position, bringing it to 37,790 contracts.
The Kansas Wheat Quality Tour concluded on Thursday with an average yield of 38.9 bushels per acre. This was the lowest average yield for the tour since 2023 and the second lowest since 2018. Total production was estimated at 218 million bushels, compared to the USDA estimate of 214 million bushels released Tuesday.
France’s wheat crop was rated 80% good/excellent as of May 11, according to FranceAgriMer, unchanged from the previous week, while the durum crop was rated at 71%.