Wheat Market Outlook - June 2, 2025

According to Mercantile, thin demand ahead of the Northern Hemisphere harvest is presently the prime focus, but hi-pro supplies in North America is dwindling, and the new crop could be under threat. Building heat and dryness in the Northern U.S. shocked initial U.S. Spring wheat ratings, while there is no visible change to the dryness in China. Meanwhile, Mercantile says India is projecting a record crop. Mercantile would look for hard wheat to go higher.