--- title: "Wheat Rally Pushing Higher on US/China Fact Sheet Trade Numbers" type: "News" locale: "en" url: "https://longbridge.com/en/news/286869867.md" description: "The wheat market is experiencing a midday rally, with Chicago SRW futures up 25-27 cents and KC HRW futures up 14-15 cents. Export inspections reported 223,972 MT shipped, down 56.23% from last week. The White House announced that China will purchase at least $17 billion of U.S. agricultural products annually from 2026 to 2028. Managed money increased their net long position in CBT wheat futures by 9,120 contracts. Current prices include Sep 26 CBOT Wheat at $6.76 1/4, up 26 1/2 cents." datetime: "2026-05-19T07:15:38.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/286869867.md) - [en](https://longbridge.com/en/news/286869867.md) - [zh-HK](https://longbridge.com/zh-HK/news/286869867.md) --- # Wheat Rally Pushing Higher on US/China Fact Sheet Trade Numbers The wheat market is rallying back higher at midday following a White House fact sheet release over the weekend. Chicago SRW futures are 25 to 27 cents higher so far on the day. KC HRW futures are 14 to 15 cents in the green at midday. MPLS spring wheat is up 17 to 19 cents on the day. Export Inspections data showed wheat at 223,972 MT (8.23 mbu) shipped in the week that ended on May 14. That was down 56.23% from last week and a 48.08% drop from the same week last year. The Philippines was the top destination of 65,999 MT, with 65,465MT to Mexico and 34,808 MT to Japan. Marketing year shipments have totaled 23.099 MMT (848.73 mbu), which is up 11.32% yr/yr. Don’t Miss a Day: From crude oil to coffee, sign up free for Barchart’s best-in-class commodity analysis. On Sunday, the White House released a fact sheet on the US/China talks from last week, in part stating that “China will purchase at least $17 billion per year of U.S. agricultural products in 2026 (prorated), 2027, and 2028, in addition to the soybean purchase commitments that it made in October 2025.” Managed money was busy adding back to their net long position in CBT wheat futures and options by 9,120 contracts as of 5/12, mainly via new shorts, taking it to 19,023 contracts. In KC wheat futures and options, spec funds trimmed back just 79 contracts from their net long to 37,790 contracts. Sep 26 CBOT Wheat is at $6.76 1/4, up 26 1/2 cents, Dec 26 CBOT Wheat is at $6.94 3/4, up 25 cents, Sep 26 KCBT Wheat is at $7.11 3/4, up 14 1/4 cents, Dec 26 KCBT Wheat is at $7.25 3/4, up 14 1/2 cents, Sep 26 MIAX Wheat is at $7.24, up 18 1/4 cents, Dec 26 MIAX Wheat is at $7.41 1/2, up 17 cents, _On the date of publication, Austin Schroeder did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. For more information please view the Barchart Disclosure Policy here._ More news from Barchart - Ignore the Panic Over Falling Crude Oil Prices and Buy July SRW Wheat Here - All Aboard! Grain Bulls Are Looking to Recreate Record Runs in Gold, Silver Prices - Winter Wheat Rallies Keeping Corn, Soybeans Afloat; Cotton Prices Continue to Surge - How Much Higher Can Wheat Prices Go in April? The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. ### Related Stocks - [WEAT.US](https://longbridge.com/en/quote/WEAT.US.md) - [WXET.US](https://longbridge.com/en/quote/WXET.US.md) - [NDAQ.US](https://longbridge.com/en/quote/NDAQ.US.md) ## Related News & Research - [Wheat Holding onto Tuesday Gains as Crop Conditions Drop](https://longbridge.com/en/news/286956342.md) - [TECHNICALS-CBOT wheat may fall to $6.41](https://longbridge.com/en/news/286520931.md) - [TECHNICALS-CBOT wheat may edge up to $6.60](https://longbridge.com/en/news/286727506.md) - [US Plains HRW Wheat-Basis bids mostly steady on slow farmer sales, higher futures](https://longbridge.com/en/news/286809224.md) - [TECHNICALS-CBOT wheat may fall to $6.63](https://longbridge.com/en/news/286378711.md)