DTN Wheat Alert

(02/19/2026):

Sell another 25% of new crop 2026 HRW and SRW. KC July wheat has rallied 56 cents above the mid-December low with Chicago July up close to 50 cents. At the time of the recommendation, July KC futures are near $5.86 and Chicago July futures are near $5.74. World wheat supplies remain burdensome, and in the next 10-15 cents there is formidable chart resistance, and we are just below a downtrend line drawn from the February high. That would bring us to 50% sold on the 2026 HRW and SRW wheat crops.