Wheat Watch: Global Glut Grinds Prices, China Chows Argentine Cargo
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Wheat Watch: Global Glut Grinds Prices, China Chows Argentine Cargo
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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 me, Vanessa Clark. Today Im diving into the latest on wheat prices, market moves, and what it all means for you whether youre a farmer, trader, or just keeping an eye on your grocery bill.
First up, the current trading price. As of this morning, wheat futures are sitting around 520 to 525 US dollars per bushel, down about 1.65 percent from yesterday according to Trading Economics. Over on the Chicago Board of Trade, March 2026 soft red winter wheat is indicated near 5.25 and a half dollars per bushel, while Kansas City hard red winter is softer around 5.11 dollars per bushel per Ever.Ag and ADM Investor Services reports. Thats a dip of 3 to 4 cents early today from AgMarket.Net, extending last weeks losses as global supply pressures build.
Why the slide? Plenty of wheat flooding the market. The US Department of Agriculture in its December WASDE report projects global supplies jumping 7.5 million tons to over 1 billion tons, thanks to record crops in Argentina, Australias third largest harvest ever, EU rebounds, and stronger Russian output. Russias even dropping its wheat export tax to zero, and Argentinas cutting duties, making their cheap feed wheat super competitive. Grain Prices notes China just bought its first Argentine wheat cargo in decades from Cofco International, loading up now for export. Black Sea regions are dry heading into winter too, but overall, supplies are outpacing demand despite a slight uptick in global consumption forecasts.
Heres your actionable takeaway: If youre buying wheat for feed or baking, lock in now before prices test that 5 dollar support on March Kansas City futures as AgMarket.Net warns. Farmers, watch US export sales data expected at 300,000 to 750,000 metric tons for the week ending November 20. And keep an eye on Brazil and weather patterns they could shift things quick.
Thats your wheat update, packed with the fresh news to help you stay ahead. Thanks for tuning in, friends grab that subscribe button, share with a buddy, and Ill catch you next time on Daily Wheat Price Tracker. Stay smart out there!
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