https://trade4go.com/weekly-product-update/w37-2025-wheat-weekly-update Bearish Trends and Regional Imbalances Shake Global Wheat Trade The global wheat market in 2025 faces a bearish environment driven by oversupply, intense competition, and geopolitical tensions, creating significant challenges for investors and exporters. Russia continues to dominate exports, projected to ship 41.5 million metric tons (mmt) in 2025/26, while Australia leverages its access to Asia and high-quality wheat, and the United States (US) and Canada contend with domestic supply gluts and droughts. Rising production globally is offset by regional imbalances, logistical bottlenecks, and trade barriers, such as US tariffs on China and Mexico, which have diverted capital and shifted purchasing toward Russian and European Union (EU) wheat. European markets are pressured by Black Sea competition and technical corrections, with Russian wheat prices falling to between USD 228 per metric ton (mt) and USD 230/mt. Major importers like Egypt are reducing purchases due to organizational uncertainties, decreasing imports by over 27% year-on-year (YoY) in H1-2025, even as domestic demand rises. Weather conditions across Europe are mixed, alleviating drought in France and the Balkans while creating dry, hot conditions in southern Europe, affecting winter wheat and barley planting.....