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Global wheat prices have softened in recent weeks as production recovers worldwide. The IGC puts the 2025-26 world wheat crop at a record 819 million tonnes, and the FAO reports wheat prices fell for a third straight month in September.
Large harvests in Russia, the EU and North America are confirmed.
Record world output and ample exporter stocks keep wheat prices under pressure, which favors cheaper feed wheat for buyers. Any rebound will need a demand shift, such as stronger Asian imports.
world-grain.comChris LyddonNov 11, 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.
After 138 past bearish report events, Wheat (HRW) moved a median +0.0% over 5 sessions (50% higher; middle half -2.9% to +2.4%), and +0.5% 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.
