Wheat Prices Hold Steady as Global Harvest Forecast Hits Record High - What It Means for Your Bottom Line
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Wheat Prices Hold Steady as Global Harvest Forecast Hits Record High - What It Means for Your Bottom Line
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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 Vanessa Clark. Im Vanessa, and today were diving into the latest on wheat prices, global forecasts, and what it all means for you.
First up, the current trading price. According to Trading Economics, wheat is at 510.75 US dollars per bushel as of today, down just a touch from yesterday but holding steady overall. In Canada, Great Lakes Grain reports Soft Red Winter wheat cash bids ranging from 6.53 to 6.93 Canadian dollars per bushel for January delivery across Ontario spots like Aylmer and Chatham. Hard Red Spring wheat is sitting at 7.80 in places like Beeton. And from Bunge in Moose Jaw, Feed Wheat is steady at 169.58, while 1 Red Spring Wheat closed at 249.65, down a bit.
Big news on the global front: the International Grains Council just bumped their 2025-26 world grains forecast to a record 2.461 billion metric tons, with wheat production up to 842 million tons thanks to stronger outlooks in Argentina at 27.7 million tons and Canada at 40 million. That means more supply, which could keep prices in check amid ample stocks.
What does this mean for you? If youre a farmer, watch those regional bids and consider locking in now if youre holding inventory, especially with futures like March wheat at 5.10. Buyers, this might be a good window for forward contracts before any weather wildcards hit. Stay nimble, check local elevators daily, and diversify your hedges.
Thanks for tuning in, pals. Subscribe so you never miss an update, and well catch you next time on Daily Wheat Price Tracker. Take care!
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