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Canada Western Red Spring wheat rose to $289.54 per metric ton FOB Vancouver, its highest since June 2025, as US wheat futures rallied. The May WASDE showed US production down 425 million bushels and ending stocks cut 18% to 762 million bushels.
Winter wheat conditions also deteriorated.
Lower US stocks and a Canadian export price rally lift global wheat values, raising the cost of wheat used in feed rations. Buyers should expect firmer wheat prices in export markets.
spglobal.comMaham QuadriMay 12, 2026After 769 past bullish report events, Wheat (SRW) moved a median +0.2% over 5 sessions (53% higher; middle half -1.4% to +2.0%), and +0.2% over 20.
After 180 past bullish report events, Wheat (HRW) moved a median +0.4% over 5 sessions (53% higher; middle half -2.1% to +3.7%), and -0.6% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
