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Wheat Watch: Ample Harvests, Geopolitical Risks Collide

Wheat Watch: Ample Harvests, Geopolitical Risks Collide

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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 I'm so glad you're here with me today, October 24th, 2025. Let's dive right into what's happening in the wheat markets because things are definitely interesting today.

So here's where we stand on pricing. December Chicago wheat closed at 5 dollars and 12 and a half cents per bushel, down just half a cent for the day. Kansas City wheat came in at 5 dollars and 1 and a half cents per bushel, actually up a cent and a half. And Minneapolis wheat finished at 5 dollars and 57 cents per bushel, down a penny. Pretty mixed action across the board, which really tells the story of where we are right now.

The global wheat market is in a fascinating place at the moment. We're seeing record production levels around the world, which you'd think would push prices down consistently, but that's not quite what's happening. According to reports from today, ample global supplies are keeping prices generally subdued, but geopolitical tensions and climate concerns are injecting some real volatility into the mix.

Over in Europe, wheat futures ticked up slightly as traders are keeping a close eye on potential trade talks and reports that Chinese buyers might be looking at imported wheat. European wheat closed at about 221 dollars and 87 cents per metric ton. There's a lot of attention on whether Chinese demand will materialize, which could really shift the market dynamics.

One thing that's weighing on prices is the expectation of a large global harvest. Farmers in France have already planted more than half their expected soft wheat area for next year's harvest, and they're ahead of the typical five year pace. Good sowing conditions in Europe are adding to supply pressure.

What's making this market so tricky to navigate right now is that we're dealing with contradictory forces. Yes, supplies are ample, but disruptions from extreme weather, ongoing geopolitical issues, and supply chain challenges mean we could see sudden price swings at any time.

For anyone involved in wheat markets, whether you're a farmer, buyer, or just following along, the key right now is staying flexible and watching those weather forecasts and trade developments closely.

Thanks so much for tuning in today. Be sure to subscribe to Daily Wheat Price Tracker so you never miss an update, and I'll catch you next time with more wheat market insights. Take care.

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