Wheat prices in the US are rising on expectations of demand from China, and in Ukraine – due to low supply

Wheat prices on US stock exchanges have been rising for the second week in a row. Now, amid information from Bloomberg that China may also buy American wheat in addition to soybeans. During the week, December wheat futures on exchanges rose: Prices were also supported by the export inspection report: during October 24-30, wheat exports from the United States increased by 30% compared to the previous week to 350.3 thousand tons, and in total in the MY 2025/26 reached 11.825 million tons, which is 20.5% ahead of last year’s pace. At the same time, December wheat futures on the Euronext exchange in Paris rose by only 0.1% to €193.75/t or $223/t (+3.2% per month), as a significant supply of Black Sea wheat limits exports from the EU. SovEcon experts have increased the forecast for the wheat harvest in the Russian Federation in 2025 to 87.8 million tons, with exports in October likely to reach 5 million tons. Ukraine exported 1.45 million tons of wheat in October, which almost ...