Wheat Prices Remain Low Amid Oversupply and Trade Tensions

2025-10-15 09:29 By Joana Ferreira 1 min. read

Wheat prices hovered around $5 per bushel, close to their lowest level since August 2020, pressured by global oversupply and escalating US–China trade tensions.

According to the Hightower Report, demand for wheat remains stable, but ample global stocks are allowing end consumers to delay purchases.

The Russian consultancy SovEcon raised its 2025 forecast for wheat production in Russia, one of the world’s top exporters, to 87.8 million metric tons (MMT), citing record yields in Siberia, while Argentina is expected to produce 23 million tonnes of wheat, matching the record production of 2021-22.

Trade tensions added further pressure, with President Trump suggesting Washington might end certain trade ties with China, singling out cooking oil despite a year-long slump in shipments.

Both countries also began imposing additional port fees on each other’s shipping firms, following Trump’s threat of 100% tariffs on Chinese goods and Beijing’s tighter controls on rare earth exports.



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