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Wheat Watch: Global Glut Grinds Gains as Exports Ebb

Wheat Watch: Global Glut Grinds Gains as Exports Ebb

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This is your Daily Wheat Price Tracker with Vanessa Clark podcast.

Welcome back to the Daily Wheat Price Tracker. I’m Vanessa Clark, and I’m here with your latest update on everything you need to know about wheat—prices, news, and trends making headlines this Friday, November seventh, twenty twenty-five.

Let’s start with the most important question of the day: how’s wheat trading? According to the latest closing prices, number one Red Spring Wheat finished at two hundred forty-nine dollars and forty-eight cents per metric ton, up thirty-five cents from yesterday. Feed wheat closed the day at one hundred sixty-nine dollars and fifty-eight cents per metric ton. If you’re watching the futures market, Chicago wheat futures dipped by three and a half percent today, while Paris milling wheat futures were down one point two percent.

On a global scale, the wheat price index fell by one percent in October according to the Food and Agriculture Organization. That’s part of a broader global trend, with the overall food price index dropping one point six percent last month. Increased cereal supply is fueling most of this relief in pricing, and looking ahead, cereal production for the upcoming season is forecast to hit a record high—almost three billion tons globally.

What’s driving these changes? There are a few big stories. Chinese wheat buying has been softer than expected which has pushed global wheat prices down. Reports show China purchased only one hundred twenty thousand tons of U.S. wheat for December delivery, even after some tariffs on American wheat are set to be lifted starting November tenth. Simultaneously, Argentinian wheat harvest is advancing rapidly and expected to reach a robust twenty-two million tons this year, helping to boost global supply.

Weather is also playing its part. Recently, precipitation in key U.S. wheat-growing regions helped ease drought conditions, which supports better yields and, ultimately, steadier supply for next year’s crop.

For growers wondering what this all means—now might be a good time to keep a close eye on export trends and planting decisions. Countries like India are forecast to maintain their wheat planted area thanks to government support programs, which should keep their production steady. And in Russia, export duties on wheat have dropped significantly, which could support more aggressive exports, adding another layer to the global supply landscape.

So, whether you’re a farmer tracking your crop, or a trader watching the market, it’s clear that ample global supply and subdued international buying are shaping today’s wheat dynamics. Stay tuned for developments on weather, global trade, and government policies—all key drivers for wheat prices in the coming weeks.

Thanks so much for joining me on Daily Wheat Price Tracker. If you found today’s update helpful, be sure to subscribe and tune in next time for more insights to keep you ahead of the curve. I’m Vanessa Clark—wishing you a productive and profitable week.

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