Wheat News
Wheat Market News
1d
WASDE: Record U.S. Wheat Supplies Crush Prices Now
- The USDA's November WASDE raised U.S. wheat output and carryover to multi-year highs, pushing ending stocks to roughly 901 million bushels and pressuring futures. Short-term rallies from tight prompt availability and tender activity have occurred, but abundant world supplies point to continued downside risk. Tactical trades should focus on episodic buying windows and demand catalysts.
8d
China Inquiries Spur U.S. Wheat; Egypt Adds Cargo!
Short-term buying interest from China and a large Egyptian tender lifted U.S. wheat futures this week, but robust supplies from Russia and Argentina and elevated global stocks keep upside limited.
15d
China Inquiry Sparks Wheat Rally, Supplies Loom...
A sudden Chinese buying inquiry pushed U.S. wheat futures to their highest levels since July, but abundant supplies from Russia, the EU, Argentina and a bullish USDA production update keep the upside capped. Traders reacted with volatile volume and shifting open interest; fundamentals suggest any rally will need confirmed purchases or supply disruptions to sustain gains.