Wheat Hits 1-Month Low

2026-09-28 06:16 By Czyrill Jean Coloma 1 min. read

Wheat fell below $7 per bushel in late September, remaining near its lowest level since August 25 as traders assessed fresh details of the US-China trade agreement, including tariff reductions on agricultural products.

Both countries announced plans to lower tariffs on roughly $30 billion worth of imports from each side, covering a broad range of American farm goods including wheat.

The two sides also agreed to establish an agricultural working group to facilitate future negotiations and improve market access.

Still, traders are awaiting tangible signs of broader Chinese purchases, as progress has been limited on a separate pledge made during the Trump-Xi summit in May to buy an additional $17 billion worth of US agricultural products.

Elsewhere, traders continued to monitor Black Sea export flows after Ukrainian President Volodymyr Zelenskiy stated that India, Turkey, Egypt and other Middle Eastern countries were involved in efforts to restore safe shipping through the Black Sea.



News Stream
Wheat Hits 1-Month Low
Wheat fell below $7 per bushel in late September, remaining near its lowest level since August 25 as traders assessed fresh details of the US-China trade agreement, including tariff reductions on agricultural products. Both countries announced plans to lower tariffs on roughly $30 billion worth of imports from each side, covering a broad range of American farm goods including wheat. The two sides also agreed to establish an agricultural working group to facilitate future negotiations and improve market access. Still, traders are awaiting tangible signs of broader Chinese purchases, as progress has been limited on a separate pledge made during the Trump-Xi summit in May to buy an additional $17 billion worth of US agricultural products. Elsewhere, traders continued to monitor Black Sea export flows after Ukrainian President Volodymyr Zelenskiy stated that India, Turkey, Egypt and other Middle Eastern countries were involved in efforts to restore safe shipping through the Black Sea.
2026-09-28
Wheat Falls to One-Month Low
Wheat fell to $7 per bushel, hitting its lowest level since August 25, as traders awaited significant breakthroughs in agricultural trade talks between the US and China amid their summit in Washington. Earlier Thursday, US President Donald Trump said the two leaders had made “tremendous strides” toward improving US access to the Chinese market through the newly created Board of Trade. However, the lack of specific details disappointed some market participants. Traders expect Chinese purchases of US crops, including wheat, to increase if tariffs are removed, as both countries have discussed reducing tariffs on certain goods, including US agricultural and energy products. Meanwhile, investors are also focused on renewed diplomatic talks between Ukraine and Russia, with hopes of restoring grain exports through the Black Sea.
2026-09-25
Wheat Hits One-Month Low
Wheat fell to around $7 per bushel, hitting its lowest level since August 25, as renewed diplomatic efforts between Russia and Ukraine raised hopes for progress toward restoring Black Sea shipping. Ukrainian President Volodymyr Zelenskyy said talks with US President Donald Trump focused on efforts to end the four-year-old war, including the possibility of a bilateral ceasefire targeting energy infrastructure. Zelenskyy also said Kyiv was prepared to consider any format for an energy truce with Moscow, while noting that no discussions had taken place on Ukraine unilaterally suspending strikes against Russian oil refineries. The Russia-Ukraine conflict has disrupted Black Sea shipments, prompting buyers to turn to alternative sources. Meanwhile, the US Department of Agriculture said earlier this week that US winter wheat planting was 17% complete as of Sunday, trailing the five-year average of 21%.
2026-09-23