Bushels and Borders: Why Record Crops Aren't Spiking Your Grain Prices
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Bushels and Borders: Why Record Crops Aren't Spiking Your Grain Prices
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This is your Daily Wheat Price Tracker with Vanessa Clark podcast.
Hey friends, welcome back to Daily Wheat Price Tracker with me, Vanessa Clark. Today, were diving into the latest on wheat prices, global supply trends, and what it all means for you.
First up, the current trading price. According to Trading Economics, wheat hit 518 US cents per bushel today, up a tiny bit from yesterday but still down about four percent from a year ago. Over in Canada, Bunge's Moose Jaw Terminal opened one red spring wheat at 250 dollars per tonne, down 83 cents, and closed at 249.91, off another 18 cents. CBOT March wheat settled higher at 5.18 per bushel on global export optimism, per Hellenic Shipping News. UK feed wheat futures for May held steady at 169 pounds per tonne, says the AHDB Arable Market Report.
The big story is ample global supply keeping a lid on prices. The USDA boosted 2025-26 world wheat production to a record 842 million tonnes, with huge jumps in Argentina at 27.5 million tonnes and Russia at 89.5 million, pushing ending stocks to 278 million tonnes. Euronext milling wheat dipped to 190 euros per tonne on that news, as Mintec Global reports. IGC agrees, forecasting record wheat output up five percent year-over-year.
But hey, not all doom—Saudi Arabia just bought nearly a million tonnes of wheat, sparking some importer activity. Weather watches continue, with dry US Plains and frosty Ukraine in play.
Actionable tip: If youre a farmer or buyer, watch export tenders and basis levels closely—Ontario SRW wheat bids around 6.61 bucks now, better than last summer. Dont rush sales; negativity might be priced in, and a weaker Canadian dollar helps cash prices.
Thanks for tuning in, pals—subscribe, share with your ag buddies, and catch you next time on Daily Wheat Price Tracker!
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