Minneapolis wheat futures are underpinned by expectations of reduced Russian wheat competition in global tenders, potentially lifting US Northern Plains demand. John Ricci, CME's global head of agriculture products, said the exchange would give its spring wheat contract "time to build." A field of hard red spring wheat in Enderlin, North Dakota, U.S., July 22, 2025. REUTERS/Karl Plume/File Photo Purchase Licensing Rights , opens new tab Minneapolis wheat futures have been oscillating between $6.55 and $6.68, with momentum traders watching for a breakout on strong volume.
