Wheat Market Outlook - March 16, 2026

MARKET OUTLOOK - WHEAT Futures take a setback on Monday morning after having had a strong showing this past week. Risk premium had been put into ag markets on the conflict and will trade accordingly. This past trading week, Canadian wheat domestic price targets have been triggered at levels not seen yet since the crop was initially available to the market in September and $8 became obtainable in a few scenarios. Markets will be watching precipitation forecasts more from here on forwards for the growing regions of northern hemisphere crops. Northern hemisphere crops are believed to have escaped some of the worst of the winterkill with good reports out of Germany and France with some heavier numbers being reported from Ukraine. U.S. winterkill is not massive but now the precipitation and dryness scenario will be watched. Canadian wheat has been doing a good job at maintaining its competitiveness in the global market and exports still tracking on pace for a record season.MARKET OUTLOOK - DURUM Tunisia tendered for a 50,000-tonne allotment of durum this past week and has brought some fresh demand into the marketplace. Price outlook overall for the crop appears relatively flat as has been for much of the marketing year for western Canadian producers. Markets are focused on how Canadian and global ending stocks will shake out for durum and how the North African and Mediterranean, European crop prospects appear over the coming months. As of right now, allreports show favourable conditions for the cropping regions with reports of very few issues in these areas so far. North African regions have received quite good winter rainfall and the crop prospect sitting quite positive for now in many key production areas. Market will also turn attention to Canadianprairie agroclimatic closer to spring. If readers are interested in a comprehensive listing of 2026 major report release dates. Follow the link attached. https://exceedgrainmarketing.com/2026-global-major-report-release-calendar/