Wheat Watch: Trading the Range While Russia and France Flex Their Grain Muscle Titelbild

Wheat Watch: Trading the Range While Russia and France Flex Their Grain Muscle

Wheat Watch: Trading the Range While Russia and France Flex Their Grain Muscle

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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 your host Vanessa, and today we're diving into the latest on wheat prices, global supply trends, and what it all means for you.

Right now, Chicago wheat futures for March 26 are sitting at around 5.68 per bushel, up a bit from last week according to Grain SA Morning Market Report. May 26 contracts are hovering near 5.77 per bushel, while UK feed wheat futures for May 26 closed at 167 pounds per tonne as per the AHDB Arable Market Report. Terrain economists project an average farm price of 5.46 per bushel for the 2026-27 season, thanks to large carry-in stocks keeping supplies steady despite lower acreage.

Global news is mixed. Wheat futures eased after a rally, with IKAR boosting Russias 2026 crop forecast to 91 million metric tons, adding pressure on prices. Frances winter crops are in their best shape in three years per FranceAgriMer, and high global supplies are capping any big upside unless weather turns sour or demand surges. Locally, SAFEX wheat spot opened at 5650 rand per tonne after a tariff cut to 619 rand per tonne, making imports cheaper. Russian export prices spiked to 233 to 235 dollars per tonne FOB due to shipping woes from weather.

For you traders and farmers, heres your takeaway: watch northern hemisphere weather closely, as cold snaps could spark rallies, but ample stocks mean were likely range-bound. If youre buying, lock in now before potential USDA updates Tuesday. Selling? Hold for demand pops from China or elsewhere.

Thanks for tuning in, pals. Subscribe, share with your farming buddies, and catch you next time on Daily Wheat Price Tracker!

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