Wheat – International Market
02-Dec-2025 08:13 AM
Wheat – International Market
National Crop Progress data has concluded for the year, though some states continue to publish individual reports. Kansas winter wheat ratings improved by 4% to 66% good/excellent, with the Brugler500 index rising 2 points to 366.
Export Inspections data showed wheat shipments at 384,881 MT (14.14 million bushels) for the week ending November 27. This was 19.89% below the previous week but 28.89% above the same week last year. Vietnam was the top destination at 58,864 MT, followed by Mexico at 51,792 MT. Total marketing-year shipments now stand at 13.228 MMT (486 million bushels), up 19.95% year-over-year.
Delayed Export Sales data for the week ending 10/23 showed total wheat sales of 499,778 MT—within expectations of 350,000–650,000 MT. Sales were 46.43% higher than the previous week and 21.48% above the same week last year.
According to Argus, Russia’s 2025/26 wheat crop estimate is 86.5 MMT, down 1.9 MMT from their previous projection. ABARES estimates Australia’s 2025/26 wheat crop at 35.6 MMT, a 4% increase from 2024/25.