Higher wheat price, market waits to see
The mood on the wheat market is wait-and-see. Will feed wheat prices finally rise sharply? Or is it just pluses and minuses?
Many growers expect prices to rise sharply in the coming months, so that they can sell their wheat at a good price. But will that happen? No one can predict this because developments on the global market follow each other at a rapid pace. “We really don’t know. Nobody knows,” says a trader.
He lists a number of developments: in France, much baking wheat has been rejected and is now being marketed as feed wheat; additional competition for the Netherlands; the euro-dollar ratio, Donald Trump causing unrest and possibly hindering international trade in goods, including wheat. Ukraine and Russia will now export less grain due to export barriers.
Farmers look for answers
Quite a few farmers with wheat in storage call traders and commission agents with questions. What do you think? Which way is it going? The specialists don’t know, but they hope that growers will want to sell, because livestock farmers and animal feed manufacturers need wheat, but they don’t want to pay too much. The market is searching.
US: Optimistic about corn & soy prices
The US Department of Agriculture’s USDA report released late last week was optimistic about corn and soybean prices, but had no good news in store for wheat. The 2024-25 US stockpile increased slightly by 0.1 million tonnes to 21.7 million tonnes compared to a previous estimate. US winter wheat acreage increased 2% to 34,115 million acres in 2025-26. More than expected. Traders on the Chicago futures market bought corn and soybeans in bulk late last week. Wheat was less popular and the price fell before recovering.
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