Wheat Dips After Rally as Global Bins Fill Up - Your Morning Grain Check Titelbild

Wheat Dips After Rally as Global Bins Fill Up - Your Morning Grain Check

Wheat Dips After Rally as Global Bins Fill Up - Your Morning Grain Check

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

Hey friends, welcome to another episode of Daily Wheat Price Tracker with Vanessa Clark. Im your host Vanessa, and today were diving into the latest on wheat prices, global supply shifts, and what it all means for you.

Right now, wheat futures are hovering around 5.50 dollars per bushel, down a bit from Thursdays double-digit rally where Chicago SRW closed up 15 cents at 5.52 and a half. Trading Economics reports its near the three-month high of 5.525 from yesterday, but bears are pushing back this morning with losses of 4 to 12 cents across exchanges. March CBOT wheat dipped to about 5.49 a bushel per Morningstar, as short-covering paused amid bigger crop news.

Why the pullback? Improving supply is tempering the rally. Indias reopening exports with 2.5 million tons allocated, Argentinas record harvest, and US ending stocks at their highest since 2019-20 are boosting availability. USDA data shows export sales at 488,000 metric tons last week, up 30 percent from prior but still below last year, with big buys from the Philippines, Mexico, and Indonesia. Plus, IKAR bumped Russias 2026-27 crop to 91 million metric tons, easing freeze damage fears. EU estimates dipped slightly to 128.3 million for next year, but global production stays record-high per USDA.

Early US winter wheat dodged major freeze harm too, and rains are coming to the Plains. Actionable tip: If youre a farmer or trader, watch export sales and Russia weather closely these could keep prices range-bound near 5.50. For buyers, this might mean steadier supply ahead, so lock in contracts if you need wheat soon.

Thats your wheat update, folks. Thanks for tuning in like always, best friend style. Subscribe, share, and catch you next time for more Daily Wheat Price Tracker!

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