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This is your Daily Wheat Price Tracker with Vanessa Clark podcast.

Hey everyone, welcome back to Daily Wheat Price Tracker. I'm your host Vanessa Clark, and today is Tuesday, December 2nd, 2025. We're going to break down what's happening in the wheat market right now and give you the information you need to stay informed about commodity trading.

Let's start with today's closing prices. As of this afternoon, number one red spring wheat closed at two dollars and fifty two cents and fifty nine cents per bushel, up two dollars and eight cents from yesterday's opening. In the futures markets, Chicago CBOT wheat settled at five dollars and thirty and a quarter cents per bushel, while Kansas City hard red winter wheat came in at five dollars and forty six cents and fifty cents per bushel for March contracts.

Now here's what's driving these price movements. The wheat market is experiencing significant volatility right now, and there are several major factors at play. First, we're seeing geopolitical tensions in the Black Sea region impacting supply concerns. Russia has indicated that the Black Sea grain deal is no longer viable, and this is creating real worries about supply disruptions in a critical agricultural corridor. Additionally, Ukraine is forecasting a significant decrease in their wheat harvest for the upcoming season, projecting around twenty three million tons, which is notably lower than previous years due to severe drought conditions during planting.

On the flip side, global demand for wheat remains robust. Global wheat consumption is projected to climb to eight hundred and four point seven million tons, an increase of nine point one million tons from the previous year. We're seeing this driven by consistent population growth and increased urbanization, particularly in developing nations. The USDA is reporting that U.S. wheat shipments are up twenty percent compared to the same period last year, which shows strong export activity.

Looking at overnight trading, wheat prices are down two to three cents per bushel, with some weakness showing through in the soft red winter wheat contracts. However, spring wheat is showing some mixed signals, which tells us the market is still trying to find its footing.

For traders and agricultural producers listening, here's what you need to watch. We've got competing forces in this market right now. Black Sea supply concerns are pushing prices higher, but record harvests in other major producing regions like Argentina and the European Union are providing downward pressure. The key is that as wheat futures approach five dollars and fifty cents per bushel, U.S. wheat becomes less competitive globally, which could limit upside potential.

Export inspections are coming in strong, which continues to underpin the market. This week we've seen solid activity in the export market, which is positive for wheat prices in the longer term.

Stay tuned for tomorrow's update

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This is your Daily Wheat Price Tracker with Vanessa Clark podcast.

Hey there, welcome back to the Daily Wheat Price Tracker. I'm your host Vanessa Clark, and today is Monday, December first, twenty twenty-five. We've got a lot to cover in the wheat market today, so let's jump right in.

Starting with overnight trading action, wheat prices took a pretty significant hit. Soft red winter wheat dropped four and three-quarter cents, hard red winter wheat fell four and one-quarter cents, while hard red spring wheat held relatively steady with no change. These declines are part of a broader pattern we're seeing throughout the global wheat market right now.

The big story today is really all about supply. Chicago Board of Trade wheat futures closed lower, and the main driver is simple: the world has too much wheat. Paris milling wheat futures hit new lows today, and Russian wheat export offers were cut by two dollars per metric ton down to two hundred twenty-six dollars per metric ton. That's serious price pressure, folks.

Let me paint you the bigger picture here. Argentina's harvest is shaping up to be absolutely massive. The Buenos Aires Grains Exchange just released updated figures showing Argentina's twenty twenty-five to twenty twenty-six wheat harvest is expected to reach a record twenty-five point five million metric tons. That's up from their previous estimate of twenty-four million metric tons, thanks to higher-than-expected yields. And here's the thing: that huge exportable surplus is basically capping any significant global price gains right now.

Over in Australia, things aren't much different. The Australian Bureau of Agricultural and Resource Economics and Sciences, or ABARES, raised their forecast for the country's twenty twenty-five to twenty twenty-six wheat production by around one point eight million metric tons to thirty-five point six million tons. That's a bumper harvest, which is only adding more pressure to global prices.

Both Argentina and Australia have benefited from favorable rains, and that's lifted production potential in both of these major wheat-exporting nations. Meanwhile, Ukraine's deputy economy minister is saying their wheat harvest could rise to between twenty-four and twenty-five million tons in twenty twenty-six, up from twenty-three million tons in twenty twenty-five.

Here in the United States, the USDA put out some production figures worth noting. Total US wheat production in twenty twenty-five came in at fifty-four million tonnes, up slightly from fifty-three point eight million tonnes in twenty twenty-four. But on the export side, we saw US wheat export inspections in the latest week at three hundred eighty-four thousand eight hundred eighty-one metric tons, which is actually below trade estimates of four hundred thousand to six hundred thousand tons.

So what does all this mean for traders? Honestly, it means we're dealing with a market absolutely flooded with su

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This is your Daily Wheat Price Tracker with Vanessa Clark podcast.

Hey everyone, this is Vanessa Clark and welcome back to Daily Wheat Price Tracker. I'm so glad you're here with me today, Friday, November 28th, 2025. We've got some really exciting developments in the wheat market to talk about, so let's jump right in.

First, let me give you the current price. December wheat futures closed today at five dollars and thirty cents per bushel, up two cents from yesterday. If you've been following along with us, you know wheat has been experiencing some volatility, but today we're seeing a bit of upward momentum as we head into December.

Now, here's where things get really interesting. Turkey just made a major move that's sending ripples through the global wheat market. Turkey's state grain board, the TMO, just purchased three hundred thousand metric tons of Russian wheat. This is huge because this is their first purchase of Russian wheat since February of 2023. Why does this matter? Well, Turkey's domestic wheat harvest dropped significantly this year to just seventeen point nine million tons, so they needed to look elsewhere. This purchase shows us that despite geopolitical tensions, commercial grain trade continues to find a way.

But here's what's really reshaping the global supply picture. Argentina just announced a record wheat harvest forecast. We're talking about twenty five point five million metric tons for the 2025 to 2026 season. That breaks the previous record of twenty two point four million tons from 2021 and 2022. The harvest is already about a third complete, and yields in central agricultural areas are actually exceeding expectations thanks to higher than normal rainfall.

Meanwhile, Russia has adjusted its export duties on wheat. The duty increased to two hundred thirty two point three rubles per ton as of November 26th. That's a fourteen point six percent jump from the previous week. These duties are calculated based on a damper mechanism Russia introduced back in 2021, and they fluctuate weekly based on export prices. Right now, Russia is maintaining reference prices at eighteen thousand rubles per ton for wheat.

Looking at the bigger picture, the USDA's latest wheat outlook shows that global supplies are actually increasing. They're projecting two hundred seventy one point four million metric tons of global ending stocks, which would be the first year on year increase since 2019 and 2020. This large supply situation is definitely putting downward pressure on wheat prices overall, even though we're seeing some daily gains like today.

In France, AgriMer is reporting that soft wheat planting is at ninety eight percent completion, which is ahead of the five year average. The EU's wheat output estimate sits at one hundred thirty four point two million metric tons, so European supply remains solid.

What does all this mean for you? If you're involved in wheat trading or farming, you're l

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This is your Daily Wheat Price Tracker with Vanessa Clark podcast.

Hello and welcome to Daily Wheat Price Tracker, the podcast where we break down what's happening in the wheat market. I'm your host Vanessa Clark, and today is Thursday, November 27th, 2025. We've got some interesting market movements to talk about, so let's jump right in.

The wheat market is showing some real mixed signals as we head into the holiday weekend. Chicago wheat for December closed at five dollars and twenty-nine cents per bushel today, while Kansas City wheat for December settled at five dollars and seventeen and a quarter cents. Minneapolis spring wheat, which tends to be more volatile, closed at five dollars and seventy-six and a half cents per bushel.

Now here's what's really driving the market right now. We're seeing a lot of global pressure on wheat prices because the world has plenty of supply. The International Grains Council just increased their global wheat production forecast to eight hundred thirty million tons for the 2025-26 season, which is thirty-one million tons higher than last year. That's a lot of wheat coming to market.

Argentina is forecasting a bumper crop for next year with roughly twenty million tons available for export. Russia, as the world's largest wheat exporter, is estimated to produce between eighty-six and ninety million tons in 2026. The EU is also seeing favorable conditions for winter cereals and rapeseed, though there are some dry spots in Italy, Hungary, and Romania that are slowing things down a bit.

On the Canadian side, feed wheat is sitting at one hundred sixty-nine dollars and fifty-eight cents per metric ton, while red spring wheat closed at two hundred fifty dollars and eighty cents per ton, down nineteen cents from the previous day.

One interesting development is that China may have purchased at least ten more cargoes of American soybeans, and while that's not directly wheat, it does show some international trading activity that's helping support the broader grain markets. However, traders are expressing doubt about whether China will ultimately buy the twelve million metric tons of soybeans that were mentioned as part of the US-China trade agreement.

The market is essentially caught between bearish export competitiveness in Europe due to a stronger pound against the dollar, and supportive geopolitical and logistical issues in Ukraine. US wheat remains in a trading range between five dollars and seventy cents to five dollars and ninety cents per bushel, and frankly, merchants are saying the market feels tired and is looking for a new catalyst.

Markets are closed today for Thanksgiving, but they'll reopen tomorrow at eight thirty AM Central time for a shortened session. That's your wheat market update for today.

Thanks so much for tuning into Daily Wheat Price Tracker. Be sure to subscribe so you don't miss our daily updates on wheat prices and market trends. We'll be back

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This is your Daily Wheat Price Tracker with Vanessa Clark podcast.

Welcome back to Daily Wheat Price Tracker. I’m Vanessa Clark, and today we’re diving into the latest wheat market news and prices. If you’re following the grain markets, you’ve probably noticed some movement lately, and there’s a lot to unpack.

Wheat futures saw a bit of a bounce this week, especially in Chicago, where December contracts settled at about five dollars and twenty seven cents per bushel. That’s up a few cents from yesterday, but it’s still a modest recovery after a tough stretch. The rally was partly due to traders covering short positions and some solid export demand, with weekly inspections jumping nearly thirty percent compared to last year. The Philippines, Bangladesh, and Mexico were among the top buyers, which is helping to offset the pressure from large global supplies.

Despite the uptick, the overall outlook remains cautious. US winter wheat planting is almost complete, and the crop is in decent shape, with more than eighty percent emerged and nearly half rated good to excellent. But global competition is fierce. Russia continues to sell wheat at lower prices, and harvests in Argentina and Australia are coming in strong. In fact, Argentina’s wheat production is now estimated at over twenty one million tons, and Australia’s is up to about thirty five million tons. That means plenty of wheat on the market, which is keeping prices under pressure.

On the export front, South Korea recently bought a big shipment of US wheat, and Jordan has issued a new tender for up to one hundred twenty thousand tons. These deals are positive, but traders are watching closely to see if demand can keep up with the abundant supply.

If you’re involved in wheat trading or farming, it’s a good idea to keep an eye on export data and global harvest reports. The market is still digesting recent moves, and with the holidays coming up, things could get a bit quieter for a while. But don’t let your guard down—volatility is still the name of the game.

Thanks for tuning in to Daily Wheat Price Tracker. If you found this helpful, be sure to subscribe and join us again next time. Stay informed, stay ahead, and I’ll see you soon.

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This is your Daily Wheat Price Tracker with Vanessa Clark podcast.

Hello and welcome back to Daily Wheat Price Tracker. I’m Vanessa Clark, and today is Tuesday, November twenty-fifth, twenty twenty-five. Thanks for joining me for your quick guide to everything you need to know about today’s wheat markets and what it means for your bottom line.

Let’s start with the most critical update you’re waiting for—the current trading price for wheat. On the Chicago Board of Trade, March wheat closed today at five dollars thirty-nine and a quarter cents per bushel, marking about a zero point eight percent increase as traders digested renewed U.S.-China trade talks and ongoing speculation around Russia-Ukraine negotiations. For those watching Minneapolis, March wheat ticked up to about seven hundred and fifty-six cents per bushel mid-day. Spring wheat saw mild support, and Kansas City’s winter wheat contract was also up for the day.

Meanwhile in Canada, Red Spring Wheat closed at two hundred fifty-two dollars and ninety-six cents per metric ton, up two dollars fifty-nine from yesterday’s close. Feed wheat settled at one hundred sixty-nine dollars and fifty-eight cents. So there’s a modest uptick, likely driven by traders readjusting ahead of the Thanksgiving holiday and optimism around export demand.

Looking at the big picture, wheat prices have been under pressure for weeks due to ample global supply and favorable crop conditions in the Northern Hemisphere. Russian wheat continues to be offered at aggressively low prices, around two hundred twenty-nine to two hundred thirty-one dollars per ton, putting downward pressure on global markets even as new crops from Argentina and Australia hit the pipeline. And on top of that, Saudi Arabia’s recent purchase of three hundred thousand tons of wheat at prices seven to eight dollars below replacement levels signals buyers expect further price drops in the first quarter of next year.

U.S. wheat exports remain strong, with the latest numbers showing about twelve point eight million metric tons shipped since June, up nearly twenty percent from last year. Export inspections topped four hundred seventy-four thousand tons last week alone. Abroad, South Korean mills are looking to purchase ninety thousand tons, mostly sourced from the U.S., even as international competition intensifies.

On the crop front, the U.S. Department of Agriculture reports that winter wheat is ninety-seven percent planted, and crop emergence is at eighty-seven percent. Quality is rising, with forty-eight percent of the crop rated good or excellent—though that’s still down from last year. Recent rains across the Great Plains have boosted winter wheat prospects, but traders remain cautious given last year’s higher ratings. Europe is also experiencing favorable growing conditions heading into twenty twenty-six, which is keeping prices suppressed for now.

So, what does all this mean for farmers, millers,

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This is your Daily Wheat Price Tracker with Vanessa Clark podcast.

Hello and welcome to Daily Wheat Price Tracker, I’m Vanessa Clark, and it’s Monday, November twenty-fourth, twenty twenty-five. I’m here with the latest wheat market report, trading prices, and some essential news from around the globe—so whether you’re a wheat farmer, a trader, or just want the freshest update on this essential crop, you’re in the right place.

Let’s start with today’s numbers. According to Ever.Ag and AgMarket.Net, wheat futures are drifting lower to start the week. The Chicago wheat contract is trading around five dollars thirty-three cents per bushel, down six cents. Kansas City hard red winter wheat sits at roughly five dollars twenty-three cents per bushel, off three cents on the day. Minneapolis spring wheat holds near five dollars seventy-five cents. Looking elsewhere, the Australian wheat market is steady at three hundred forty-two dollars per metric ton in Western Australia and three hundred thirty-eight in the east. These fluctuating values reflect global trends and trade dynamics.

So, why are we seeing this pullback? Well, the wheat market has rallied over sixty cents recently, but as soon as it starts to break out, we see selling jump in. Funds have covered some big short positions, adding volatility. Now, after that rally, quick profit-taking kicked prices back down. Global supply is playing a major role. The Agricultural Market Information System just revised its outlook, forecasting a record high for world wheat production in twenty twenty-five. Increased output from Canada, the European Union, Kazakhstan, Russia, and Ukraine is driving this surge, which means there’s more wheat in the pipeline and upward price pressure is limited.

Demand, on the other hand, is holding firm. The United States is seeing strong export inspections ahead of projections. The latest USDA figures show nearly twelve point eight million tons of wheat inspected so far, up over two million tons from last year at this time. The top export destinations? The Philippines and Bangladesh—clear signs of healthy international demand.

Still, conditions for wheat farmers remain tough. Persistent price volatility and high input costs mean growers need to manage risks and keep costs in check. With global stocks projected to rise for the twenty twenty-five/twenty twenty-six marketing year, many economists suggest tightening budgets and watching the market closely for opportunities to lock in a better price.

On the crop progress front, winter wheat planting is nearly complete across the U.S., rated forty-eight percent good to excellent, although dryness is a concern in the Pacific Northwest and parts of the Midwest. Globally, sowing and harvesting are underway in both hemispheres. Some regions, like southeastern Australia and southern Europe, are dealing with weather challenges, but overall crop prospects look favorable.

So, what does this

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This is your Daily Wheat Price Tracker with Vanessa Clark podcast.

Hello and welcome to the Daily Wheat Price Tracker. I’m Vanessa Clark, and today is Monday, November twenty-fourth, two thousand twenty-five. Let’s dive into the latest wheat market updates, chat about price trends, and see how all this impacts you—whether you’re a farmer, trader, or just paying attention to global food supplies.

First, let’s talk numbers. The current trading price for wheat on global markets sits at five hundred twenty-seven dollars and fifty cents per metric ton. If you’re following Australian grain prices, Western Australia’s wheat finished last week around three hundred forty-two Australian dollars per ton, while eastern Australia held near three hundred thirty-eight. These prices show relative stability after a few weeks of volatility, with global supply dynamics playing a big role.

Now, what’s driving wheat prices right now? Western Australia is forecasting a record grain harvest for the twenty twenty-five to twenty twenty-six season. According to the Grain Industry Association of Western Australia, their wheat production is expected to hit thirteen point one million tons, a boost of over four hundred thousand tons from previous estimates. The total wheat harvest forecast for Australia stands at thirty-five point seven million tons, ranking as the third largest in the nation’s history. Favorable weather and strong yields are to thank—and this bumper crop is affecting markets worldwide.

When harvests surge like this, global supply pressures build and often push prices down. In fact, the Chicago wheat futures market recently touched a five-year low, though there has been a partial recovery. Analysts say these high Australian yields could continue to weigh on prices, especially as harvesting wraps up and final figures roll in.

European wheat trends are also influencing the picture. Europe’s wheat market remains strong, projected to reach two hundred seventy-eight million tons in volume by twenty thirty-five. Russia is still the top wheat producer and exporter in the region, while countries like Italy and Spain are key importers. Russian wheat supplies and competitive pricing continue to influence global trade flows and set benchmarks for international prices.

For anyone buying or selling wheat, a couple things to keep in mind: Oversupply tends to push down prices, so if you’re looking to purchase wheat in the near future, you may benefit from waiting as the global markets digest these bigger harvests. On the flip side, sellers should keep a close eye on market trends and consider storage strategies to avoid selling at seasonal lows.

Practical tip for farmers and traders: If you’re planning to market your wheat, monitor export and futures markets closely. Watch out for updates as Australia and other major exporters finalize harvest figures, because any surprises could quickly shift prices.

Let’s wrap up with a

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This is your Daily Wheat Price Tracker with Vanessa Clark podcast.

Welcome to the Daily Wheat Price Tracker, I’m Vanessa Clark, and today is Thursday, November twentieth, twenty twenty-five. This is your essential podcast for up-to-date wheat prices, global market news, and what’s moving today’s grain markets.

Let’s get straight to the numbers everyone’s searching for: today’s closing price for Red Spring Wheat came in at two hundred fifty-three dollars and fifteen cents per metric ton, according to local grain exchanges in Canada. That’s down almost a dollar from yesterday and underscores the ongoing pressure we’ve been seeing recently. If you’re watching the Chicago Board of Trade, March wheat futures closed at just over five dollars forty cents per bushel, slipping about one and a half percent on the day. This drop was largely driven by news that Russia, the world’s top wheat exporter, is expecting an even bigger crop than previously forecast, which is weighing heavily on wheat prices globally.

So why are wheat prices staying on the soft side? The story dominating the market is supply, supply, supply. The International Grains Council recently raised its forecast for world wheat production to eight hundred thirty million tons for the twenty twenty-five and twenty-six season. Russia’s harvest alone is expected to hit eighty-eight million tons, and countries like Kazakhstan and Argentina are also reporting much bigger crops than anticipated this season. With stocks at a three-year high and harvests continuing to beat expectations, buyers have more choices and sellers are feeling the pressure.

Looking closer to home, wheat in North America is also grappling with high global supplies and shifting export dynamics. Even though U.S. winter wheat acreage is down slightly compared to last year, it isn’t enough to offset the weight of larger crops abroad. Plus, there’s talk of improved weather across the southern plains and the promise of rain, which could further boost yield potential for winter wheat.

For practical takeaways: if you’re involved in the wheat industry—whether you’re farming, trading, or even managing food supply purchases—keep a close eye on global crop reports, particularly from Russia, Kazakhstan, and Argentina. These will help you anticipate potential price moves. Also, keep tabs on key USDA and International Grains Council updates, because any significant change in supply forecasts or weather patterns could quickly shift market momentum.

And as always, it’s essential to consider longer-term strategies, like locking in prices when conditions look favorable, or looking for opportunities in value-added products if basic commodity prices feel too squeezed. Late season sales or storage are options to weigh—especially given how quickly oversupply can change the mood in the market.

That wraps up today’s episode of the Daily Wheat Price Tracker with me, Vanessa Clark. Thanks for joining me t

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This is your Daily Wheat Price Tracker with Vanessa Clark podcast.

Hey everyone, welcome back to Daily Wheat Price Tracker. I'm Vanessa Clark, and I'm so glad you're here with me again today. We've got a lot of interesting movement in the wheat markets to talk about, so let's dive right in.

First, let me give you the headline numbers for today, Wednesday, November 19th. Chicago Board of Trade wheat for March delivery closed down one point seven percent at five dollars and forty eight and three quarter cents per bushel. Kansas City wheat also took a hit, falling about eleven cents. Meanwhile, Minneapolis wheat stayed relatively flat. So we're definitely seeing some pressure across the wheat complex today.

Now here's what's driving these moves. The USDA just released their crop progress report this morning, and it's actually bringing some relief to the market. Winter wheat is now at ninety two percent planted, which is right where we'd hope to see it heading into late November. Emergence came in at seventy nine percent, which is a touch behind the five year average of eighty four percent, but honestly, that's not too concerning at this point in the season.

The really interesting part is the condition ratings. The USDA pegged the crop at forty five percent in good to excellent condition, which is down from forty nine percent last year. But here's the thing that's really helping wheat prices ease lower today, and this is important, the winter wheat crop in the central United States is getting much better weather. After those brutal rain events back in October that delayed planting, we're now seeing a drier pattern that's allowing the crop to establish much better root systems heading into winter dormancy.

For context, the USDA has lowered their projected marketing year average wheat price for twenty twenty five to twenty twenty six down to five dollars per bushel, compared to five dollars and ten cents back in September. That's reflecting the global picture right now, where we're looking at record global wheat production and inventories expected to reach three hundred twenty eight point eight million tonnes by the end of this marketing year.

Export demand has been solid though. The USDA reports that wheat exports from August through August totaled two hundred forty eight million bushels, which is a five year high and up fourteen percent year over year. So farmers should feel pretty good about the demand picture even as prices moderate.

One more thing to watch for international traders out there. Ukraine's economic minister just signaled they won't restrict wheat exports for the rest of this marketing year. Ukraine is forecasting their production at twenty three million metric tonnes and plans to export seventeen million metric tonnes, which is actually above USDA expectations.

So here's my takeaway for you today. Wheat prices are easing as the crop gets better weather and as we digest record global

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