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An outlook article from Texas A&M and Oklahoma State economists says hard red winter wheat prices remain weak despite improved export volumes. Record global production and intense international competition keep domestic prices under pressure, with 2025-26 US wheat exports forecast at 900 million bushels.
Record global supply and competition keep US wheat prices depressed, and the outlook implies limited upside for feed wheat pricing despite strong exports.
Not enough comparable past events yet for a historical read.
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.