Wheat market prices under pressure from global supply

The international wheat market closed 2025 marked by a predominantly negative trajectory in contracts traded in Chicago, reflecting an environment of ample supply and difficulties in sustaining prices. According to analysis by TF Agroeconômica, the recovery attempt recorded in the first quarter of the year did not hold and should have been taken advantage of by market agents. Throughout the period, prices oscillated within a clearly bearish technical structure, with descending highs and lows. The annual highs were observed between January and February, in the range of 670 to 680 cents per bushel, while the lows occurred between October and November, close to 510 to 520 cents. The loss of the 600 cents level in the middle of the year functioned as a technical divider, accelerating the downward movement and reinforcing selling pressure. In the field of fundamentals, the comfortable global supply played a central role in limiting any more consistent reaction. Large crops in major ...