Global wheat market: U.S. and Black Sea weather concerns ease, wheat prices mostly fall

Published Feb 9, 2026

Tridge summary

Core tip: According to foreign media on February 8, as of the week ending February 6, 2026, global wheat market prices have fallen, mainly due to reduced concerns over severe cold weather in the United States and the Black Sea, and sufficient global supply. However, the drought range in the U.S. winter wheat production areas has expanded, and overall U.S. wheat export sales remain strong, limiting the extent of the drop in wheat prices.

Original content

On Friday (February 6), the March soft red winter wheat futures on the Chicago Board of Trade (CBOT) closed at $5.2975 per bushel, down 1.5% from a week earlier. The March hard red winter wheat futures on the Kansas City Board of Trade (KCBT) closed at $5.3125 per bushel, down 2.5%. The March hard red spring wheat futures on the Minneapolis Grain Exchange (MGEX) closed at $5.70 per bushel, down 1.4%. The March wheat price on the Euronext exchange was 190 euros per ton, down 2.2%. The Argentine Upper River wheat price was $209 per ton, up 0.5%. On Friday, the ICE U.S. Dollar Index closed at 97.506 points, up 0.67% from a week earlier. Over the past week, the global wheat market continued its typical range-bound oscillation pattern, showing that the market remains highly cautious about new pricing cues and lacks the momentum for a trend-breaking breakthrough. From the futures trend, the core feature of this week was the repeated tug-of-war. Driven by the strength in soybean prices, ...

Source: Foodmate