Wheat Watch: Five Dollar Floor Holds as Export Hopes Rise with Vanessa Clark
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Wheat Watch: Five Dollar Floor Holds as Export Hopes Rise with Vanessa Clark
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This is your Daily Wheat Price Tracker with Vanessa Clark podcast.
Hey friends, welcome to another episode of Daily Wheat Price Tracker with Vanessa Clark. Im your host Vanessa, and today were diving into the latest on wheat prices, market moves, and what it all means for you.
Right now, wheat futures are sitting around five dollars and eleven cents a bushel for Chicago contracts, up just a penny from yesterday according to Medialogic Radios Three Big Things report. Kansas City futures are at about five dollars nineteen cents, down a quarter cent. Trading Economics notes it hit five hundred eleven point seven five U.S. dollars per bushel today, a tiny zero point two four percent bump, though prices have dipped over the past month amid bigger U.S. and global supplies.
US wheat ending stocks are up eight percent to nine hundred twenty six million bushels per the USDA, with record crops in Argentina and Russia adding pressure. But hey, brighter spots too. U.S. wheat exports are picking up steam in early two thousand twenty six, with Nigeria topping buyers for hard red winter wheat last October, per Evri Magaci. Kansas Wheat CEO Just Gilpin sees demand possibly rebounding this winter into spring as quality edges out bigger global crops. Russia plans three to three point four million tons of exports this January, boosting supply but highlighting competitive U.S. opportunities.
For you farmers, traders, or bakers watching prices, heres your takeaway: keep an eye on export sales to places like Southeast Asia and diversify buyers to ride out oversupply. If youre hedging, support levels around five dollars hold firm for now, per AgMarket dot net.
Thats your daily wheat update, friends. Thanks for tuning in, subscribe so you never miss a price swing, and catch you next time. Stay savvy out there.
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