The price of wheat – what to expect in 2026?

In brief: • Overproduction is a limiting factor for price development • Russia and Argentina with record production that will weigh on the market The price of wheat at the beginning of 2026 is unlikely to rise due to oversupply in the global grain market. This forecast was expressed by Dmitry Rylko, General Director of the Institute for Agricultural Market Studies (IKAR), to APK-Inform. "The main factor affecting the situation is the oversupply of the global wheat market and the prices associated with it. Wheat prices have already declined this year, and despite expectations of growth, such growth is unlikely," said the analyst. According to IKAR, the quotations for 4th grade wheat in Russian ports are currently around 15.1 thousand rubles per ton excluding VAT. "At the beginning of next year, we expect approximately the same price level, but this will also depend on the exchange rate," added the expert. In addition, according to Rylko, wheat prices on the world market are ...