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Wheat futures slid toward $5.10 per bushel on January 20 as a record 2025/26 global harvest of about 842 million tonnes outpaced consumption near 824 million tonnes. Argentina's large crop, near-record Black Sea yields and rising Brazilian carryover stocks added pressure, while import tenders from Algeria and Saudi Arabia offered brief support.
Record global output and rising exporter stocks cap wheat prices, and Black Sea and South American competition keeps US export demand under pressure.
tradingeconomics.comFelipe AlarconJan 20, 2026Not 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.
