https://www.instagram.com/vanessaclarkipaiThis is your Daily Wheat Price Tracker with Vanessa Clark podcast.Hello and welcome to Daily Wheat Price Tracker, the essential podcast for anyone in the global wheat community. I’m Vanessa Clark, and today is Tuesday, November eleventh, twenty twenty-five. Thanks for tuning in for the latest wheat market news, current trading prices, and actionable insights to help you stay ahead.Let’s dive right into today’s wheat trading update. As of this morning, December Chicago wheat is trading just down about a quarter cent at five dollar thirty-five and a half cents per bushel, while December Kansas City wheat is slightly weaker at five dollars twenty-four and three quarter cents. Minneapolis wheat futures, meanwhile, are a touch stronger, up half a cent to five dollars sixty-four and three quarter cents per bushel. The market continues to hover just above its one hundred-day moving average, which analysts are watching for possible technical support.Why the mixed movement? Recent export inspections have been a bit lackluster—just over two hundred ninety thousand tons, mostly headed to Mexico, the Philippines, and Taiwan. That’s down from both last week and the same time last year, highlighting some export concerns despite decent crop ratings. US winter wheat crop progress remains strong, with ninety-six percent planted compared to ninety-two percent a week ago. Ratings are up too, with about fifty-two percent currently classified as good to excellent.Globally, weather stories are influencing regional prices and expectations. In North America, colder conditions are receding, and growers anticipate warmer weather heading into late November, which should further support crop progress. South America’s Argentina is looking dry and favorable for corn and soybean planting, while in Brazil, wheat harvest is nearly sixty percent complete, trailing last year’s pace. Over in China, winter wheat plantings are benefitting from dry spells, and in India, cool and dry weather is also helping wheat farmers at this crucial time.Let’s talk about international competition—a big driver in wheat price trends right now. Russia remains a key exporter, with prices for wheat with twelve and a half percent protein content quoted around two hundred thirty-two to two hundred thirty-three dollars per metric ton for mid-December delivery. Export volumes remain robust, though competition from record harvests in Australia, Argentina, and the European Union has intensified globally, putting pressure on prices. Russia also cut export quotas by over sixty percent this quarter to safeguard domestic supply, and this move has caused shifts in the international trade flows that wheat buyers and sellers are watching closely.Closer to home, US wheat prices are still feeling the impact of larger supplies. This year’s national yield exceeded expectations at just over fifty-three bushels per acre, and ending stocks are at some of the highest levels we’ve seen in years. That supply surge pushed the season average farm price for wheat down to about five dollars fifty-two cents last year, and cash prices for hard red winter and soft red winter wheat now trade near five dollars twenty cents, with hard red spring wheat at five dollars sixty.One standout factor in recent market volatility has been China’s purchase of US wheat cargos and the suspension of tariffs—a move that briefly lifted futures prices, though the rally was short-lived. With global supplies still ample and demand sluggish, any price gains might be limited unless crop or yield surprises shake the market.So what practical tips can we take away today? For producers and investors, now is a good time to keep a close watch on both technical support levels and key export markets. If you’re marketing wheat, consider timing sales to take advantage of price pockets that may result from international buying, weather developments, or policy shifts, especially as the USDA’s next report is set to land Friday and could move markets if there’s new data on yields or foreign demand.Remember, wheat prices are influenced by global supply and demand, weather events, currency shifts, and government policies. Staying informed can help you make better decisions, whether you’re a grower, trader, or food industry professional.That wraps up today’s episode of Daily Wheat Price Tracker with Vanessa Clark. Thanks so much for listening and being part of our wheat community. If you found this update useful, be sure to subscribe and tune in next time for the latest prices, news, and expert insights. Have a great day and good luck out there in the field or on the markets.For more http://www.quietplease.aiCheck out Vanessa on Instagram https://www.instagram.com/vanessaclarkipaiFor some deals, check out https://amzn.to/4hSgB4rThis content was created in partnership and with the help of Artificial Intelligence AI
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3 min