Wheat Futures Fall to Near 2-Month Low

2026-06-08 02:44 By Czyrill Jean Coloma 1 min. read

Wheat futures fell to around $5.80 per bushel in early June, hitting their lowest level since April 10, as a strong global supply outlook and subdued demand continued to weigh on prices.

In Ukraine, agricultural consultancy APK-Inform raised its forecast for wheat production to 21.7 million tons from 19.9 million tons, while Russia's IKAR consultancy increased its estimate to 91.5 million metric tons from 90 million tons.

Elsewhere, recent rainfall across large areas of previously parched farmland in Australia improved planting conditions and encouraged late wheat sowing.

In the US, improved soil moisture in drought-stricken wheat-growing regions, together with the advancing winter wheat harvest, added to expectations of robust supplies.

Meanwhile, heavy and persistent rainfall across major wheat-producing areas in China raised concerns about crop quality and harvest disruptions, but the adverse weather had been largely anticipated, and any resulting damage was expected to be limited.



News Stream
Wheat Futures Fall to Near 2-Month Low
Wheat futures fell to around $5.80 per bushel in early June, hitting their lowest level since April 10, as a strong global supply outlook and subdued demand continued to weigh on prices. In Ukraine, agricultural consultancy APK-Inform raised its forecast for wheat production to 21.7 million tons from 19.9 million tons, while Russia's IKAR consultancy increased its estimate to 91.5 million metric tons from 90 million tons. Elsewhere, recent rainfall across large areas of previously parched farmland in Australia improved planting conditions and encouraged late wheat sowing. In the US, improved soil moisture in drought-stricken wheat-growing regions, together with the advancing winter wheat harvest, added to expectations of robust supplies. Meanwhile, heavy and persistent rainfall across major wheat-producing areas in China raised concerns about crop quality and harvest disruptions, but the adverse weather had been largely anticipated, and any resulting damage was expected to be limited.
2026-06-08
Wheat Hits 6-week Low
Wheat decreased to 595.00 USd/Bu, the lowest since April 2026. Over the past 4 weeks, Wheat lost 5.34%, and in the last 12 months, it increased 9.69%.
2026-06-03
Wheat Futures Fall to Over 1-Month Low
Wheat futures fell below $6 per bushel in early June, hitting their lowest level in over a month as uncertainty surrounding a US-China trade agreement weighed on sentiment. The decline followed China's refusal to endorse the Trump administration's claim that Beijing would purchase at least $17 billion worth of US agricultural products annually through 2028, with China's Commerce Ministry stating that the two countries had only agreed on a "guiding target" to expand agricultural trade. Adding further pressure, favorable weather conditions across key US growing regions boosted yield prospects as the winter wheat harvest got underway. Elsewhere, recent rainfall across large swaths of previously parched farmland in Australia encouraged late wheat sowing, supporting production expectations. In China, heavy and persistent rainfall across major wheat-growing regions affected crop conditions, though the weather was largely anticipated and any damage was expected to be limited.
2026-05-20