Ag Market Update: Wheat Prices Drop, China Becomes Top Wheat Importer, and Soybean Complex Dynamics

After 20 past neutral trade events, Wheat (HRW) moved a median -0.7% over 5 sessions (30% higher; middle half -4.1% to +1.4%), and -4.0% over 20.

• Feb 1, 2019How Russia and Ukraine took over the wheat market-0.6%
• Oct 18, 2018Wheat exports, the key to higher prices-4.6%
• Dec 15, 2023Strong export demand boosts wheat, corn performance - Agweek | #1 source for agriculture news, farming, markets0.0%
• Jan 17, 2017India imported 2.7 mn tonnes of wheat this fiscal-0.9%
• Sep 29, 2017EU wheat eases after U.S. data, Algeria tender gives export boost-4.1%

After 206 past neutral trade events, Wheat (SRW) moved a median +0.1% over 5 sessions (53% higher; middle half -1.3% to +1.6%), and +0.5% over 20.

• Jan 22, 2025Asian buyers flock to market for feed wheat, prices to see limited downside+3.1%
• Sep 17, 2018Wheat Growers See Challenges and Promise in African Markets - U.S. Wheat Associates-6.1%
• Dec 1, 2025Rising Barley Prices in Ukraine: Supply and Demand Dynamics+1.9%
• Sep 24, 2025Soybeans ease to nearly 6-week low on harvest pressure, lack of China demand - Markets - Business Recorder-0.9%
• Mar 24, 2017USDA exports – Corn, soybean, wheat sales up for the week+2.3%

After 480 past neutral trade events, Corn moved a median +0.2% over 5 sessions (54% higher; middle half -1.1% to +1.6%), and +0.7% over 20.

• Dec 1, 2025Rising Barley Prices in Ukraine: Supply and Demand Dynamics+0.3%
• Nov 23, 2017China's pig farmers go north, upending world's top meat, grain market-0.4%
• Mar 18, 2021Chinese Imports of Sorghum, Driving U.S. Prices Higher -+10.8%
• Apr 24, 2018AgriMarketing.com - Sorghum Prices Fall 3x In Wake Of China's Tariff Announcement+2.2%
• Nov 21, 2024Barley Market Analysis: Impact of China's Reduced Imports-3.5%