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US wheat prices were mixed late in 2025 as large global supplies remained the dominant bearish factor. USDA's December WASDE raised world wheat production 9 million tonnes to a record 837.8 million, with ending stocks seen at 274.9 million tonnes.
Record output in Canada, Argentina and the EU outpaces global use, which keeps export prices under pressure. Logistics and rail constraints add only limited support.
world-grain.comChris LyddonDec 16, 2025After 1,006 past bearish report events, Wheat (SRW) moved a median +0.0% over 5 sessions (50% higher; middle half -1.6% to +1.8%), and +0.3% 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.
