Wheat Climbs Nearly 2%

2026-09-21 03:12 By Czyrill Jean Coloma 1 min. read

Wheat climbed nearly 2% toward $7.30 per bushel in mid-September, rebounding from a three-week low hit on September 18, as the latest round of US-China trade engagement fueled optimism ahead of the Trump-Xi summit.

Officials from both countries, led by US Treasury Secretary Scott Bessent and Chinese Vice Premier He Lifeng, met over the weekend.

Bessent described the discussions as “very successful,” while Lifeng said they were held in a “good atmosphere.” President Donald Trump and Chinese President Xi Jinping are set to meet in the US on September 24, with investors closely watching for signs of additional Chinese purchases of US agricultural products.

The Trump administration has said Beijing pledged to purchase at least $17 billion of US farm exports, on top of a separate commitment to purchase 25 million tons of US soybeans yearly.

Any further purchase commitments could therefore focus on other agricultural commodities, including wheat.



News Stream
Wheat Climbs Nearly 2%
Wheat climbed nearly 2% toward $7.30 per bushel in mid-September, rebounding from a three-week low hit on September 18, as the latest round of US-China trade engagement fueled optimism ahead of the Trump-Xi summit. Officials from both countries, led by US Treasury Secretary Scott Bessent and Chinese Vice Premier He Lifeng, met over the weekend. Bessent described the discussions as “very successful,” while Lifeng said they were held in a “good atmosphere.” President Donald Trump and Chinese President Xi Jinping are set to meet in the US on September 24, with investors closely watching for signs of additional Chinese purchases of US agricultural products. The Trump administration has said Beijing pledged to purchase at least $17 billion of US farm exports, on top of a separate commitment to purchase 25 million tons of US soybeans yearly. Any further purchase commitments could therefore focus on other agricultural commodities, including wheat.
2026-09-21
Wheat Falls to 3-Week Low
Wheat fell towards $7.13 per bushel, the lowest level in three weeks, as renewed hopes for a Russia-Ukraine ceasefire raised expectations of reduced disruption to Black Sea grain shipments. US President Donald Trump announced a truce on strikes on Russia and Ukraine's energy facilities. Also, Turkey is seeking to broker a broader agreement between Kyiv and Moscow that could stop attacks on ships in the Black Sea. Ukraine has indicated it would support such a deal if Russia agrees, while the Kremlin has described the proposal positively. The prospect of improved trade flows has added pressure to wheat prices, which remain below the 3½-year high of $7.67 reached on August 28. Meanwhile, the latest USDA forecasts pointed to slightly above-average global wheat inventories. The agency also lowered its 2026/27 export forecasts for Russia by 3 million metric tons to 43 million tons and for Ukraine by 1 million tons to 12.5 million tons
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Wheat Market Holds Below 3-1/2-Year High
Wheat fluctuated around $7.30 per bushel, remaining below the 3-1/2-year high of $7.67 reached on August 28, as traders assessed developments in the Russia-Ukraine war and renewed diplomatic efforts to end the conflict. Hopes for a negotiated settlement have weighed on prices, while the latest USDA supply and demand report pointed to slightly higher-than-expected global ending stocks, encouraging profit-taking among investors holding large long positions. However, the USDA also lowered its 2026/27 export forecasts for Russia and Ukraine, cutting Russian shipments by 3 million metric tons to 43 million tons and Ukrainian exports by 1 million tons to 12.5 million tons. Escalating attacks on shipping have added to supply concerns. Russia’s seaborne grain exports fell 61.9% year-on-year to 2 million tons in August, while shipments through Azov and Black Sea ports dropped 73.1% to 1.3 million tons, highlighting growing disruption in the region.
2026-09-14