Prices of U.S. wheat fluctuate amid high supply

Throughout much of the second half of 2025, wheat prices in the United States maintained relative firmness, even in the face of a global landscape marked by ample supply. As the end of the year approached, however, the market began to exhibit more mixed movements, reflecting the combination of punctual support factors and structural pressures from the international scenario. A weekly price report released in December pointed out that the devaluation of the dollar and the consistent pace of commercial sales helped to sustain quotations, although the high global supply remains the main pressure element. In foreign trade, issues related to operational capacity and logistics gained relevance, especially with the intensification of activities at the beginning of the year, a period that tends to raise costs and influence price formation. Weather events also affected rail transport, contributing to the increase in freight, while payments to producers and the continuous flow of soybean ...