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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. I'm Vanessa, your go-to guide for all things wheat, and today we're diving into the freshest updates on wheat prices, global trades, and what it means for you.
Let's start with the numbers you care about most. According to ADMIS Global Ag News, overnight wheat futures showed soft red winter wheat up one and a quarter cents, hard red winter down three quarters, and hard spring wheat steady. But zooming out, the week so far has seen declines, with SRW down twenty-two and three quarters cents, HRW down twenty-four cents, and HRS down just a touch. Year to date, though, nearby futures are strong, up sixteen point six percent in SRW, seventeen point seven in HRW, and nine point eight in HRS. Chicago SRW wheat has been pushing toward six dollars twenty-five cents per bushel amid Black Sea tensions, as noted by MarketMinute, thanks to that Russian drone strike risk premium.
On the news front, Russia's cranking up wheat exports, with Rusagrotrans forecasting up to four point five million tons for March, way above average, and SovEcon bumping their estimate to three point eight million tons as their wheat gets more competitive. Jordan snapped up sixty thousand tons of hard milling wheat, and they are tendering for another up to one hundred twenty thousand tons, while Taiwan wants over one hundred five thousand tons from the US. Coceral raised their EU and UK grain forecast to two hundred ninety-eight point eight million tons for 2026, though still below last year, with wheat and barley dipping.
Geopolitics are shaking things up, friends, with Middle East conflicts spiking fertilizer costs over thirty percent, hitting US farmers hard and potentially delaying planting. Cold risks in the US Plains look low for winter wheat, per weather models.
Here's your takeaway: If you are a farmer, lock in some sales now while year-to-date gains hold, or watch Russian flows for export competition. Traders, eye those tenders for quick moves. Stay nimble with these volatilities.
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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