12 January 2026
13 min reading
MARKET ANALYSIS
World full of wheat: Stress test for global exporters in 2025/26
The 2025/26 wheat season has opened in clear surplus mode, with global production projected at 837.8 MMT (+37 MMT y/y) and ending stocks rising to 274.9 MMT, keeping buyers comfortable and rallies hard to sustain.
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