Wheat Market News

Stay up to date with the latest wheat market news and analysis.

Argentine Wheat Harvest: Prices Retreat Amidst Global Volatility

A report published today by the Rosario Board of Trade reveals a mixed picture for the global wheat market, with domestic Argentine prices retreating despite a strong start to the planting season and a surge in trade activity. Argentina: Planting Gains Momentum, Prices Retreat Wheat planting in Argentina is progressing

US Grain Exports Face Downward Revisions as Prices and Competition Shift

The USDA revising its forecast for corn and wheat exports downward, reflecting the broader landscape of shifting prices and global competition. In a report published on Wednesday, the agency forecasts US grain and feed exports to reach $37.6 billion in fiscal year (FY) 2024, a $600 million decline from

Drought Impacts Wheat Yields in North Africa, While Egypt Rebounds with Strong Harvest

Drought conditions have severely impacted wheat yields in Morocco and Algeria, according to the latest report from the European Commission's Monitoring Agricultural Resources and the Environment (MARS) Bulletin. Meanwhile, Egypt is expected to have a near-average wheat harvest, bolstered by irrigation and favorable weather conditions. Morocco: Negative Outlook

European Crop Outlook Mixed as Weather Conditions Bring Contrasts

The European crop outlook remains positive overall, with yield forecasts at the EU level still above the five-year average, according to the latest report from the European Commission's Monitoring Agricultural Resources and the Environment (MARS) Bulletin. However, recent weather patterns have brought both favorable and challenging conditions, impacting

Russia Tightens Grip on Grain Industry as Wheat Prices Surge, Bloomberg Reports

Russia is strengthening its control over its vital grain sector, potentially giving it greater sway over exports just as global supply concerns escalate, according to a report by Bloomberg published on Sunday. This consolidation of the grain industry coincides with a spike in wheat prices, driven by poor weather conditions

Global Grain Production Forecast Revised Downward as Stocks Tighten, Trade Rises

The International Grains Council (IGC) has revised its forecast for global grain production in the 2023/24 marketing year downward, citing smaller-than-expected sorghum and barley harvests. While the supply outlook is somewhat buffered by increased carry-in stocks, the IGC also trimmed its forecast for global ending stocks, reflecting tighter supplies.

US Wheat Sales Rebound While Corn Exports Slide

US wheat sales rebounded in the week ending May 2, 2024, while corn exports continued to decline, according to the latest export sales data released by the United States Department of Agriculture (USDA). Net sales of US wheat for the 2023/2024 marketing year totaled 78,500 metric tons (MT)

Global Wheat Stocks Dwindle for Fifth Straight Year, Intensifying Export Competition

Global wheat stocks are projected to decline for the fifth consecutive year, reaching their lowest levels since 2015/16, as major exporting countries grapple with smaller harvests and robust demand, according to a report published by the USDA's Foreign Agricultural Service (FAS). This tightening of global wheat supplies
Global Wheat Stocks Dwindle for Fifth Straight Year, Intensifying Export Competition

China Wheat Production Forecast to Reach Record High

China's wheat production is projected to reach a record high in the 2023/24 marketing year, bolstered by favorable weather conditions and improved yields, according to a report from the United States Department of Agriculture (USDA). The USDA forecasts China's wheat output to reach 140 million
China Wheat Production Forecast to Reach Record High

US Wheat Futures Mixed as Weather Concerns and Supply Dynamics Influence Market

US wheat futures experienced a mixed performance in the week ending May 3, 2024, as market participants focused on the impact of weather conditions on Northern Hemisphere crops and assessed global supply dynamics, according to the latest report from US Wheat Associates. July 2024 CBOT soft red winter (SRW) wheat
US Wheat Futures Mixed as Weather Concerns and Supply Dynamics Influence Market