Wheat Market Outlook - May 11, 2026

MARKET OUTLOOK - WHEAT Wheat markets are trying to calculate the outcome from the Kansas wheat tour this week. Oklahoma’s crop tour showed just how bad the drought there did affect the crop. We will get the USDA’s first crack at production but also demand side of the trade in tomorrow’s report. Expect the market to watch this one as it is one of the more watched USDA reports of the year. Canadian crop progress is being watched as well. Spring wheat planting would be considered behind pace as of right now. A large part of northern Canadian growing region is behind pace compared to recent years, not a major market concern yet but if the forecast does not provide some warm weather, could become more of a topic for markets. Overall, we will be sitting in a wheat weather market from here forwards.MARKET OUTLOOK - DURUM Price opportunities to the upside of durum are limited for the short term. The North African crop looks great and North American crop story has yet to be told. The Turkish crop is expected to be larger this upcoming harvest and could result in lower import demand from the region overall. Markets are watching to see how the North American spring planting season progresses and crop conditions that follow as Canada is such a major producer of the crop for global market export. Durum is also in a weather market and will watch how the North African crop comes off shortly. The Canadian durum region is not the region that is behind in planting progress, and these acres are currently being planted.If readers are interested in a comprehensive listing of 2026 major report release dates. Follow the link attached. https://exceedgrainmarketing.com/2026-global-major-report-release-calendar/