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Commodity desk · MGEX Spring Wheat (MWE)

Spring Wheat · Minneapolis HRS

Hard red spring wheat — the high-protein Minneapolis contract — is planted into the Northern Plains and Canadian Prairies in a window that opens in April and slams shut at the end of May: late seeding costs yield and protein premium both. From June the market trades heat at heading; by late August it trades harvest rain.

ENSO state · through Sep 2026
very strong El Niño +3.40 · strengthening · Oct 2026 provisional +3.83
The Forecast Network's ERA5 multivariate ENSO index (the series behind celsius.earth/enso); positive is El Niño-like. Monthly means arrive about six weeks after the month; the provisional month is ERA5T and may still move.
Current stage
Between seasons
Temp, next 2 wk
+0.6°F vs normal
Rain, next 2 wk
97 % of normal
SEAS5, next 3 mo
+3.5°F vs hindcast
Obs rain, 3 mo
131 % of normal
ENSO
very strong El Niño +3.4

The daily sheet · 2026-10-21 to 2026-11-03

Temperature anomaly · °F vs 1991–2025 normal
+16.0°−16.0°2123252729312
Rainfall · mm per day, brass dash = normal
2123252729312

Day-by-day ensemble means from the same ECMWF extended run as the weekly ledger — the short-term sheet a desk reads each morning. Days are UTC.

The six-week ledger · ECMWF extended ensemble, 2026-10-21 00z

Temperature anomaly · °F vs 1991–2025 normal
+12.6°F0−12.6°F+3.8W1-2.7W2-0.3W3+1.4W4+3.2W5+2.9W6
Rainfall · mm per week, brass dash = normal
7W1 · 81%8W2 · 117%7W3 · 151%6W4 · 131%4W5 · 90%7W6 · 148%
The belts, first fortnight
RegionTemp anomalyRain% of normal
U.S. Northern Plains+3.2°F16 mm88%
Canadian Prairies-3.1°F15 mm114%

Ensemble-mean weekly aggregates over the desk's growing belts (land cells, production-weighted); whiskers show the ensemble spread carried with the mean — an upper bound for a weekly average. Weeks run from the initialisation date.

The plates · the fortnight on the map

Temperature anomaly, week 1, over the Spring Wheat · Minneapolis HRS belts
Temperature anomaly · Week 1 · 2026-10-21 → 2026-10-27
Rainfall, percent of normal, week 1, over the Spring Wheat · Minneapolis HRS belts
Rainfall, percent of normal · Week 1 · 2026-10-21 → 2026-10-27
Temperature anomaly, week 2, over the Spring Wheat · Minneapolis HRS belts
Temperature anomaly · Week 2 · 2026-10-28 → 2026-11-03
Rainfall, percent of normal, week 2, over the Spring Wheat · Minneapolis HRS belts
Rainfall, percent of normal · Week 2 · 2026-10-28 → 2026-11-03
Temperature anomaly (°C vs normal)≤ −4−4 to −2−2 to −1−1 to −½near normal+½ to +1+1 to +2+2 to +4> +4
Rainfall, percent of normal (% of normal rain)< 4040–6060–80near normal120–150150–200200–300> 300

EC-46 ensemble-mean weekly fields at 0.25°, painted in the Herbarium stepped ramps over the desk's belts (the oxblood rectangles). Near-normal stays paper; sea and no-data carry no ink; rainfall percent is unpainted where the weekly normal is under 2 mm. Cells are honest — drawn at the data's own resolution.

The seasonal ledger · SEAS5, initialised Oct 2026

Run-to-run · the last 6 initialisations
+5.80MayJunJulAugSepOctNovDecJanFebMarApr2 m temperature anomaly, °F · dark line = latest run
A forecast that holds its shape across initialisations deserves more weight than one that just appeared.
Latest run, month by month
MonthTemp anomRain anom% of normalTopsoil moisture anom m³/m³
Oct 2026 ◔+3.9°F-21 mm46%-0.028
Nov 2026+1.1°F+2 mm108%-0.006
Dec 2026+5.0°F-2 mm87%+0.001
Jan 2027+4.5°F-1 mm96%-0.000
Feb 2027+3.1°F+0 mm102%+0.001
Mar 2027+4.4°F+2 mm110%+0.007
Apr 2027+3.2°F+5 mm113%-0.006
◔ part elapsed. Anomalies vs the store's ERA5 hindcast climatology; percent-of-normal vs the AgroClim 1991–2025 normals. Topsoil moisture is volumetric water in the top 7 cm — negative is drier than the hindcast normal.

Rain that actually fell · CHIRPS, through Dec 2025

Monthly rainfall over the belts · mm, brass dash = 1991–2020 normal
Last 3 months 131% of normal
JanFebMarAprMayJunJulAugSepOctNovDec

CHIRPS v3.0 satellite-gauge rainfall sampled at a lattice of land points across the desk's belts, production-weighted. Observed data, not a forecast.

The crop calendar · what this weather means now

JanFebMarAprMayJunJulAugSepOctNovDec
Optimal planting window ★
Emergence & tillering
Heading — heat watch ★
Grain fill
Harvest

★ market-critical stage · the outlined column is the current month.

What the desk watches
  • April–May fieldwork weather: soil temperature, snowmelt flooding, and rain days decide how much of the window is actually plantable.
  • Heading-season heat: days above 90 °F in late June–July cut yield fast.
  • Harvest-window rain and sprout damage from August onward.
Climate drivers

The planting window rides the retreat of the polar jet: a blocked, cold April (more likely under a decaying El Niño) is the classic late-seeding setup; drought carryover in the western Dakotas is the other standing risk.

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