CropGPT - Wheat - Week 32

This episode offers a global overview of wheat market developments for the week of August 10, 2025In the United Kingdom, the winter wheat harvest is ahead of schedule, with 48 percent completed by early August, outpacing both historical and five-year averages. Yields average 7.66 tons per hectare, slightly below the five-year average but 5.2 percent higher than last season. Regional variability remains due to differing soils and localized weather, while Group 1 wheat protein content averages 13.5 percent, marginally lower than previous years. Feed wheat futures for November 2025 have posted minimal gains, reflecting stable conditions during a strong harvest.Kazakhstan’s wheat exports reached 6.6 million tons in the first ten months of the 2024–25 season, up 50 percent year-on-year, supported by substantial transport subsidies. Despite reduced shipments to China, overall export levels remain strong, with the season forecast holding at 7.7 million tons. Durum wheat exports are also rising, with plans to reach 580,000 tons.Russia has slightly increased its 2025–26 wheat harvest estimate to 84.5 million tons and its export forecast to 41.5 million tons, with total grain harvests expected at 130.5 million tons. By early August, 19 million hectares of grains and legumes had been harvested, yielding about 64 million tons.In France, wheat and barley harvests are nearly complete at 94 and 97 percent respectively, well ahead of seasonal norms. Corn crop development is progressing rapidly, which could influence market dynamics as harvest approaches.Brazil’s wheat market remains steady, with farm prices in key states such as Rio Grande do Sul and Parana holding firm. However, a weaker dollar and lower local wheat prices are encouraging greater reliance on cheaper imports, even as domestic production trends are expected to shape market conditions in the upcoming season.