Global wheat market: Emerging export demand boosts wheat's rebound from decline

Published 2025년 10월 20일

Tridge summary

Core Insight: According to foreign media on October 19, as of the week ending October 17, 2025, the global wheat market rebounded after a fall, with CBOT and KCBT wheat futures hitting new contract lows at the beginning of the week, subsequently rebounding driven by emerging export demand, a weakening dollar, and the strength of corn and soybeans. However, the ample global wheat supply and intense competition in the export market continue to constrain the upward momentum.

Original content

On Friday (October 17), Chicago Board of Trade (CBOT) December soft red winter wheat futures closed at $5.0375 per bushel, up 1.1% from a week earlier. Kansas City Board of Trade (KCBT) December hard red winter wheat futures closed at $4.915 per bushel, up 1.8%. Minneapolis Grain Exchange (MGEX) December hard red spring wheat futures closed at $5.485 per bushel, down 0.6%. The Euronext December wheat price was 189.25 euros per ton, unchanged from last week. Argentine high river wheat was quoted at $215 per ton, down 3.2%. On Friday, the ICE US Dollar Index closed at 98.192 points, down 0.55% from a week earlier. This week, the wheat export market has been exceptionally active, with tender news from multiple major buyers injecting optimism into the market. The Algerian National Cereal Office (OAIC) purchased about 400,000 tons of durum wheat, including 90,000 tons from the United States and the rest mostly from Canada. The CNF price for this durum wheat was about $324 per ton, much ...

Source: Foodmate