Global wheat market: Wheat prices fluctuate, with ample supply continuing to exert pressure

Published 2025년 8월 25일

Tridge summary

Core tip: According to foreign media on August 24, as of the week ending August 22, 2025, the global wheat market saw fluctuations, with Chicago wheat rebounding from its near five-year low reached last week, mainly boosted by the strength in Chicago corn and soybean prices. However, the wheat production estimate for the top exporter, Russia, has been raised, and the outlook for wheat production in Argentina is bright, with ample global supply continuing to limit the upside potential for the wheat market.

Original content

On Friday, August 22, the Chicago Board of Trade (CBOT) December soft red winter wheat futures closed at $5.2725 per bushel, up 0.05% from the previous week. The Kansas City Board of Trade (KCBT) December hard red winter wheat futures closed at $5.21 per bushel, down 1.4%. The Minneapolis Grain Exchange (MGEX) December hard red spring wheat futures closed at $5.90 per bushel, up 0.04%. The Euronext December wheat price was €193.75 per ton, down 0.8%. The price of Argentine milling wheat was $231 per ton, down 1.7%. The ICE U.S. Dollar Index closed at 97.599 points, down 0.12% from the previous week. Reviewing this week's trading, wheat futures in Chicago and Kansas City both showed narrow fluctuations. Although there was a slight increase at the beginning of the week, insufficient bullish momentum prevented prices from effectively breaking through key resistance levels. Particularly noteworthy is the Kansas City wheat, whose price fell close to the contract low, indicating ...

Source: Foodmate