Wheat futures are rallying through Friday's midday, reversing Thursday's losses. Chicago SRW contracts are up 6 to 7 cents, KC HRW futures are surging 13 to 14 cents, and MPLS spring wheat is gaining 6 to 8 cents in front months. The strength is tied to escalating Black Sea conflict, with strikes moving toward ports and vessels, fueling supply concerns. The USDA's weekly export sales report showed 2026/27 wheat sales at 2.057 million metric tons as of July 9, representing 10% of the USDA export projection and ahead of the five-year average pace of 9%. In France, the AgriMer agency rated the wheat crop at 65% good to excellent, unchanged from the prior week, with harvest 92% complete as of July 13.