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Analyst Allison Thompson says US wheat futures on the Chicago, Kansas City and Minneapolis exchanges are at five-year lows, with speculators heavily short. The article notes that US wheat demand is improving, with USDA raising 2025-26 export forecasts by 25 million bushels to 900 million.
Improving US export demand could provide some support for futures near multi-year lows, though competition from Black Sea and EU supplies keeps the overall bias bearish for feed wheat.
agweek.comAllison ThompsonOct 17, 2025Not enough comparable past events yet for a historical read.
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.
