International Wheat Market Update

25-Jun-2025 08:44 AM

International Wheat Market Update
★ Wheat prices declined in the international market (CBOT).
★ Anticipation of a potential ceasefire between Iran and Israel led to a drop in crude oil prices, causing several agri-commodities to reverse trends.
★ According to the USDA, 19% of U.S. winter wheat has been harvested, with 49% of the crop rated in excellent condition.
★ From July 1, 2024 to June 22, 2025, European countries have exported 20 million tons of soft wheat, compared to 30.53 million tons exported during the entire previous year.