A spring wheat crop with some trees in the background.

Wheat markets rebound but headwinds persist

Expectations of a large U.S. winter wheat crop weigh on prices, but dryness supports spring wheat in the futures market

Spring wheat futures markets have managed to bounce off contract lows over the past two weeks and are trading close to a two-month high.

Have the wheat bear markets run their course?

Have the wheat bear markets run their course?

It looks like the worst of the bear market is over; additional moderate losses can’t be ruled out, but deep declines are unlikely

Wheat futures keep trying to rally. Time after time, the rallies fail. The markets seem stuck in low-level ruts.

A ripe wheat crop bends in the wind.

Wheat prices stuck in a sideways trading range

The crop has been stubbornly static, despite trade threats flying and other commodities taking wild rollercoaster rides

Trade and tariff uncertainty may be triggering large price swings in canola and soybeans, but wheat remains largely immune to those broader geopolitical influences for the time being.



A ripe crop of wheat near Selkirk, Manitoba.

New reports from USDA prove bearish for wheat

Survey finds U.S. winter wheat production could reach 1.381 billion bushels, which is 32.7 million bu. higher than last year

U.S. Department of Agriculture reports released on May 12 provided a bearish picture for the wheat situation in 2025-26. The Crop Production report provided the first glimpse of the yield potential of the 2025 U.S. wheat crop. Winter wheat production was forecast to be up by two per cent from last year. In the World […] Read more



A not-quite-ripe crop of wheat near Stockholm, Sask.

Funds’ bearish position keeps lid on wheat price

Money managed funds were net short 163,135 contracts in April, indicating their belief that wheat remains overvalued

The main driver of the drop in wheat prices has been a long-term bearish position in wheat by the managed money funds.



An estimated 37.2 per cent of Russia's winter wheat crop is rated in poor condition versus four per cent last year and the five-year average of 7.3 per cent. | Getty Images

Russia’s troubled winter wheat may move prices

The crop has a higher risk of winterkill because of plants' already weakened condition and may have trouble recovering

SASKATOON — Winter wheat crops have deteriorated in Russia but are improving in the United States and the European Union. An estimated 37.2 per cent of Russia’s crop is rated in poor condition versus four per cent last year and the five-year average of 7.3 per cent. Related stories: It is the worst rating in […] Read more

Increased exports from Argentina and Australia and fund selling have been the primary drivers of the decline in wheat prices during the past month.  |  File photo

Southern Hemisphere pressures wheat market

Increased wheat production in Argentina and Australia is expected to make 9.15 million more tonnes available for export

The wheat market continues to struggle, despite some positive news from the Black Sea region. Russia has announced a large drop in its wheat export potential by reducing the February through June export limit to 11 million tonnes. This is down 18 million tonnes from last year during the same period. The Russian government also […] Read more