Global wheat market: U.S. wheat falls to contract low due to trade tensions and abundant production expectations

Published 2025년 10월 13일

Tridge summary

Core tip: According to foreign media on October 12, as of the week ending October 10, 2025, global wheat market prices mostly declined, with U.S. CBOT and KCBT wheat both hitting new contract lows, mainly impacted by multiple pressures such as U.S.-China trade tensions, Russia's upward adjustment of wheat production estimates, and a stronger U.S. dollar. Currently, the wheat market has entered a typical weak cycle of high supply and low demand, lacking any short-term rebound opportunities.

Original content

On Friday, October 10, the Chicago Board of Trade (CBOT) December soft red winter wheat futures closed at $4.985 per bushel, down 3.25% from the previous week. The Kansas City Board of Trade (KCBT) December hard red winter wheat futures closed at $4.83 per bushel, down 2.8%. The Minneapolis Grain Exchange (MGEX) December hard red spring wheat futures closed at $5.5175 per bushel, down 1.4%. The Euronext December wheat price was €189.25 per ton, up 0.8%. The Argentine Upper River wheat price was $222 per ton, unchanged from the previous week. On Friday, the ICE US Dollar Index closed at 98.732 points, up 1.35% from the previous week. Geopolitical factors have been the biggest negative driver over the past week. The United States announced additional port fees for Chinese-owned or Chinese-built ships starting October 14, prompting China to announce retaliatory measures. U.S. President Trump announced on Friday that a 100% tariff on Chinese goods will be imposed from November 1, ...

Source: Foodmate