Wheat Falls to Around Monthly Lows
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Wheat futures have fallen to around $5.10 per bushel, nearing monthly lows due to a significant increase in global supply outpacing demand. USDA estimates indicate a record global harvest of approximately 842.17 million tonnes for 2025/26, compared to a consumption of about 823.9 million tonnes, leading to higher ending stocks. Regional factors, including Argentina's competitively priced crop and Brazil's rising carryover stocks, further pressure prices. Despite some temporary support from weather disruptions and import tenders, overall supply remains ample, limiting price increases.
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