Table wheat prices remain below last year’s level

(Photo: PIxabay)

The crop could be traded at 219 million tons (+7 percent), and by the end of the 2025/2026 marketing year, 275 million tons (+6 percent) of wheat could remain in storage. According to the USDA, Russia’s wheat production increased by 7 percent compared to the previous year to 87.5 million tons in the 2025/2026 season, with exports likely to reach 44 million tons (+2 percent). In Ukraine, 2 percent less (23 million tons) of crops were stored, of which 14.5 million tons (–8 percent) will be exported. In the USA, a slightly higher quantity of 54 million tons of wheat was harvested this year than a year earlier, of which 24.5 million tons can be shipped to foreign markets. In Canada, USDA analysts calculate a wheat harvest of almost 40 million tons, 11 percent higher than in 2024/2025, in the current economic year, and its exports may decrease to 28 million tons (–2 percent). In Australia, output may increase by about 3 million tons to 37 million tons, of which 27 million tons (+27 percent) can be exported. In addition to Brazil’s wheat harvest of 7.7 million tons (–2 percent), imports of 7.5 million tons of wheat (+3 percent) are projected. Argentina may harvest 24 million tons (+30 percent) of the crop in the 2025/2026 season, and 14.5 million tons (+39 percent) may be delivered to the international market.

According to AKI PÁIR data, in Hungary, table wheat was traded at an average producer price of 70.8 thousand forints/ton excluding VAT and transport costs in the first week of December

This price level was 14 percent lower than a year earlier. On the Chicago Mercantile Exchange (CME/CBOT), the December wheat quotation fluctuated in the range of 195–199 dollars/ton between December 1 and 12. At the same time, the March 2026 stock exchange settlement price of the crop on the Paris Mercantile Exchange (Euronext/MATIF) was between 189–191 euros/ton.

AKI PÁIR