On Wednesday, February 04, 2026, wheat futures declined on all three exchanges. March quotations for soft red winter wheat on the Chicago Board of Trade (CBOT) dropped to $193.54 per ton, March futures for hard red winter wheat on the Kansas City Board of Trade (KCBT) dropped to $194.83 per ton, and March futures for hard red spring wheat on the Minneapolis Grain Exchange (MGEX) dropped to $207.97 per ton. March futures for soft red winter wheat in Chicago closed at $5.26-3/4, down by 2 cents, while May futures for wheat in Chicago closed at $5.36-1/4, down by 1 ½ cents. March futures for hard red winter wheat in Kansas City closed at $5.30-1/4, down by 4 ½ cents, while May futures closed at $5.42-3/4, down by 4 cents. March futures for hard red spring wheat on the MGEX in Minneapolis closed at $5.66, down by 2 ¼ cents, while May futures for hard red spring wheat on the MGEX closed at $5.79-1/2, down by 2 cents. Significant volumes of global supplies continue to exert pressure on ...