Global wheat market: Wheat prices continue to be suppressed by ample global supply

Published 2025년 12월 1일

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Core Insight: According to foreign media on November 30, as of the week ending November 28, 2025, global wheat market prices have mostly declined due to ample global wheat supply and increased export competition. Wheat production forecasts for Europe and Argentina are continually being raised, and Russia's persistent strong export competition is becoming the main obstacle to suppressing a rebound in wheat prices.

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On Friday, November 28, the Chicago Board of Trade (CBOT) March soft red winter wheat futures closed at $5.385 per bushel, down 0.23% from the previous week. The Kansas City Board of Trade (KCBT) March hard red winter wheat futures closed at $5.275 per bushel, up 0.24%. The Minneapolis Grain Exchange (MGEX) March hard red spring wheat futures closed at $5.78 per bushel, up 0.48%. The Euronext March wheat price was €188.00 per ton, down 2.1%. The Argentine Buenos Aires Grain Exchange (BAGE) wheat price was $208 per ton, down 1.4%. The ICE US Dollar Index closed at 99.408 points, down 0.70% from the previous week. Increased production expectations in major producing countries are the main pressure factors The core reason for the weak trend in wheat prices is the optimistic news from major global production areas. In Argentina, the Buenos Aires Grain Exchange (BAGE) significantly increased its wheat production forecast by 1.5 million tons to a record 25.5 million tons due to ...

Source: Foodmate