Wheat Prices

Wheat prices averaged USD 523 cents per bushel in December, down 2.3% from November. On 31 December, the commodity traded at USD 507 cents per bushel, down 4.5% from 28 November.

In December, wheat prices eased from November and came in below the year-to-date average. The USDA raised its 2025/26 global crop forecast on larger expected output in Argentina, Australia, Canada, Russia and the EU. Favorable weather and a progressing bumper harvest in Argentina led the Rosario Grain Exchange to raise its crop estimate for 2025/26 to a new record level.