Wheat Market Outlook - March 17, 2025

Despite some jostling in the price of competing origins, Mercantile says global prices have remained relatively steady despite the volatility experienced in North America. Old crop wheat supply seems to be matching demand, albeit, as per the USDA, stocks in major exporting nations will be higher than originally thought. According to Mercantile, trade tensions will add instability to the spring market which already has higher volatility given its focus on new crop production potential. Mercantile saw “specials” 20+ cents above posted bids last week. They would take advantage of opportunities as they present themselves.