Wheat Slips Further on Global Supply Pressure, Ukraine Ceasefire Talks. Tuesday, Dec. 16, 2025

due to concerns about U.S. export demand and expectations for a bumper harvest in Brazil. The most-active wheat contract on the Chicago Board of Trade (CBOT) was down 0.6% at $5.17-1/2 a bushel at 1110 GMT, after touching its lowest since October 24 at $5.15-3/4. “Global wheat prices remain under pressure due to Southern Hemisphere harvests and rising production estimates,” said Commonwealth Bank analyst Dennis Voznesenski. The Rosario Grains Exchange last week raised its production estimate for Argentina to 27.7 million metric tons from 24.5 million tons, while Australia is on track for its third-biggest harvest. Their crops round out a year of large harvests across major producing nations, and there is no sign yet of major production setbacks in 2026. “Sentiment was further weighed (down) by rising hopes of an end to Russia’s war in Ukraine,” commodity data firm CM Navigator said of wheat. The United States has offered to provide NATO-style security guarantees for Kyiv as U.S. ...