Wheat Market Outlook - July 14, 2025

While wheat markets do not look exciting to Mercantile because the demand side remains tepid and hard to define for the coming crop year, they do note that there seems to be room for high protein wheat once again. In the ongoing crop year, demand for good quality protein wheat confirmed good demand for Canadian wheat. This year, we see German wheat come in with lower pro than normal, while once again seeing quality concerns with French wheat, and some concerns with Russian wheat. Mercantile says this will not fuel a change in overall price trends for wheat but should support a good premium for high quality/high pro wheat in the markets and support demand for Canadian product(all assuming we get off with good quality). Mercantile will be watching out for occasional premium selling opportunities.