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An analysis argues U.S. wheat is stuck at average, with stocks-to-use near the 15-year average and the USDA's 2025/26 production estimate about 1.7% lower. It also notes that the USDA's all-wheat price forecast of $5.50/bu is more than 8% below the 15-year average, and that input costs remain elevated.
Thin margins and limited futures upside suggest wheat needs a fresh catalyst, so prices are likely to stay range-bound unless production or demand changes.
terrainag.comMatt ClarkMar 25, 2025Not 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.
