{"id":24134,"date":"2026-01-14T13:22:15","date_gmt":"2026-01-14T13:22:15","guid":{"rendered":"https:\/\/www.selinawamucii.com\/news\/?p=24134"},"modified":"2026-01-14T13:22:33","modified_gmt":"2026-01-14T13:22:33","slug":"wasde-report-sharpens-surplus-undercuts-world-wheat-prices","status":"publish","type":"post","link":"https:\/\/www.selinawamucii.com\/news\/2026\/01\/14\/wasde-report-sharpens-surplus-undercuts-world-wheat-prices\/","title":{"rendered":"WASDE report sharpens surplus, undercuts world wheat prices"},"content":{"rendered":"\n

On January 12, 2026, the USDA\u2019s monthly World Agricultural Supply and Demand Estimates (WASDE<\/u><\/a>) report projected upscale wheat supplies, lowering prices a day after.<\/p>\n\n\n\n

The WASDE raised international wheat production by 4.3 million tonnes annually in 2025-26, to 1.102 billion tonnes.<\/p>\n\n\n\n

Also up is global consumption of the grain by 900,000 tonnes year-on-year (y-o-y), to 823.9 million tonnes.<\/p>\n\n\n\n

International exports of the cereal will meanwhile increase by 1.1 million tonnes, to 219.8 million tonnes.<\/p>\n\n\n\n

The West, where winter wheat is still in the ground after sowing last fall, absorbed the glut news in bearish terms.<\/p>\n\n\n\n

Europe\u2019s wheat at Euronext in Paris fell daily by 1.3% to  \u20ac<\/u>189.25<\/u><\/a> ($220.40) a tonne, doubling its fall after December 2025\u2019s WASDE. <\/p>\n\n\n\n

Chicago\u2019s soft red wheat for March delivery also slipped 1.2% to $187.9 a tonne, reprising its 4.8% slump after December 2025\u2019s WASDE.<\/p>\n\n\n\n

Hard red winter grain for March delivery in Kansas City also shed 0.7% day-on-day, to $193.2 a tonne.<\/p>\n\n\n\n

Such bearish markets reflect glut in major production centers such as Argentina, which WASDE expects to produce a record 27.5 million tonnes (2025-26).<\/p>\n\n\n\n

Similarly placed is Russia, which the USDA projects to produce 89.5 million tonnes or 2 million tonnes above 2024-25\u2019s output.<\/p>\n\n\n\n

Neutral Market Stateside  <\/strong><\/strong><\/h3>\n\n\n\n

A little different situation pertains to winter wheat<\/u><\/a> in the United States, whose acreage and export forecasts remain put while production is up.<\/p>\n\n\n\n

Despite expectations of sharp acreage depreciation, the USDA only lowered 2025-26 winter acreage by 1%<\/u><\/a> from 2024-25, to 32.99 million acres.<\/p>\n\n\n\n

The same thing accrues to exports, which the WASDE retains y-o-y at 900 million bushels.<\/p>\n\n\n\n

Ending stocks for the United States in 2026 will be slightly higher by 8% than those of 2025, to 926 million bushels.<\/p>\n\n\n\n

Domestic utility will however neutralize the acreage dip by retreating down 20 million bushels, to 100 million bushels.<\/p>\n\n\n\n

The general effect is that federal wheat prices<\/u><\/a> at the farm-gate will follow general world trends by drifting down $0.1 annually to $4.9\/bushel.<\/p>\n\n\n\n

February 10 is the date for the next WASDE, a time when the global wheat situation will be a bit clearer as the year unfolds. The below data section reviews the price aspect from a historical angle. <\/p>\n\n\n\n

World Wheat Prices <\/strong>Statistics <\/strong><\/strong><\/h2>\n\n\n\n

International wheat prices rose from rock bottom at $88.55 in October 1999 to highs of $444.15 a tonne<\/u><\/a> in May 2022. The following data by the Federal Reserve, St. Louis gives a graphical historical look:<\/p>\n\n\n\n

Month-and-<\/strong>Year<\/strong><\/td>Price<\/strong> <\/strong>[per tonne]<\/strong><\/td><\/tr>
May 2022<\/td>$444.15 [highest on record]<\/td><\/tr>
October 2016<\/td>$122.55<\/td><\/tr>
March 2008<\/td>$483.81<\/td><\/tr>
October 1999<\/td>$88.55 [lowest on record]<\/td><\/tr>
May 1996<\/td>$248.59<\/td><\/tr>
January 1990<\/td>$167.91<\/td><\/tr><\/tbody><\/table>
Fig: highlights of global wheat prices, 1990-2025<\/em><\/figcaption><\/figure>\n\n\n\n

How have wheat prices in the United States fared historically?<\/strong><\/p>\n\n\n\n

Domestic wheat prices in the United States historically recharged from lows of $1.308 a bushel in June 1968 to highs of $11.08<\/u><\/a> in March 2022. The following data interpretation from Macrotrends<\/u><\/a> gives historical highs and lows in the 1960-2025 period:<\/p>\n\n\n\n

Month-and-<\/strong>Year<\/strong><\/td>Price<\/strong> <\/strong>[per bushel]<\/strong><\/td><\/tr>
May 2022<\/td>$11.45 [all-time high]<\/td><\/tr>
February 2008<\/td>$9.77 <\/td><\/tr>
August 2000<\/td>$2.04 [lowest since 2000]<\/td><\/tr>
July 1974<\/td>$5.96<\/td><\/tr>
June 1968<\/td>$1.31 [historical low]<\/td><\/tr><\/tbody><\/table>
Fig: highlights of the U.S.\u2019 wheat prices 1960-2025<\/em><\/figcaption><\/figure>\n","protected":false},"excerpt":{"rendered":"

On January 12, 2026, the USDA\u2019s monthly World Agricultural Supply and Demand Estimates (WASDE) report projected upscale wheat supplies, lowering prices a day after. The WASDE raised international wheat production by 4.3 million tonnes annually in 2025-26, to 1.102 billion tonnes. Also up is global consumption of the grain by 900,000 tonnes year-on-year (y-o-y), to…<\/p>\n","protected":false},"author":3,"featured_media":24135,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[2],"tags":[],"yoast_head":"\nWASDE report sharpens surplus, undercuts world wheat prices - Selina Wamucii | Food & Agriculture News<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.selinawamucii.com\/news\/2026\/01\/14\/wasde-report-sharpens-surplus-undercuts-world-wheat-prices\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"WASDE report sharpens surplus, undercuts world wheat prices - Selina Wamucii | Food & Agriculture News\" \/>\n<meta property=\"og:description\" content=\"On January 12, 2026, the USDA\u2019s monthly World Agricultural Supply and Demand Estimates (WASDE) report projected upscale wheat supplies, lowering prices a day after. The WASDE raised international wheat production by 4.3 million tonnes annually in 2025-26, to 1.102 billion tonnes. Also up is global consumption of the grain by 900,000 tonnes year-on-year (y-o-y), to...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.selinawamucii.com\/news\/2026\/01\/14\/wasde-report-sharpens-surplus-undercuts-world-wheat-prices\/\" \/>\n<meta property=\"og:site_name\" content=\"Selina Wamucii | Food & Agriculture News\" \/>\n<meta property=\"article:published_time\" content=\"2026-01-14T13:22:15+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2026-01-14T13:22:33+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.selinawamucii.com\/news\/wp-content\/uploads\/2026\/01\/Wheat_harvest.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"640\" \/>\n\t<meta property=\"og:image:height\" content=\"417\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Timothy Wahome\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Timothy Wahome\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.selinawamucii.com\/news\/2026\/01\/14\/wasde-report-sharpens-surplus-undercuts-world-wheat-prices\/\",\"url\":\"https:\/\/www.selinawamucii.com\/news\/2026\/01\/14\/wasde-report-sharpens-surplus-undercuts-world-wheat-prices\/\",\"name\":\"WASDE report sharpens surplus, undercuts world wheat prices - Selina Wamucii | Food & Agriculture News\",\"isPartOf\":{\"@id\":\"https:\/\/www.selinawamucii.com\/news\/#website\"},\"datePublished\":\"2026-01-14T13:22:15+00:00\",\"dateModified\":\"2026-01-14T13:22:33+00:00\",\"author\":{\"@id\":\"https:\/\/www.selinawamucii.com\/news\/#\/schema\/person\/8c0aad9a1f85037798080d75b4302cf8\"},\"breadcrumb\":{\"@id\":\"https:\/\/www.selinawamucii.com\/news\/2026\/01\/14\/wasde-report-sharpens-surplus-undercuts-world-wheat-prices\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.selinawamucii.com\/news\/2026\/01\/14\/wasde-report-sharpens-surplus-undercuts-world-wheat-prices\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.selinawamucii.com\/news\/2026\/01\/14\/wasde-report-sharpens-surplus-undercuts-world-wheat-prices\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.selinawamucii.com\/news\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"WASDE report sharpens surplus, undercuts world wheat prices\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.selinawamucii.com\/news\/#website\",\"url\":\"https:\/\/www.selinawamucii.com\/news\/\",\"name\":\"Selina Wamucii | Food & Agriculture News\",\"description\":\"Discover the Latest in Food and Agriculture.\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.selinawamucii.com\/news\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.selinawamucii.com\/news\/#\/schema\/person\/8c0aad9a1f85037798080d75b4302cf8\",\"name\":\"Timothy Wahome\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.selinawamucii.com\/news\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/636da6c8288b7dcaef01a42b50c3bc41?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/636da6c8288b7dcaef01a42b50c3bc41?s=96&d=mm&r=g\",\"caption\":\"Timothy Wahome\"},\"url\":\"https:\/\/www.selinawamucii.com\/news\/author\/twt4wahomegmail-com\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"WASDE report sharpens surplus, undercuts world wheat prices - Selina Wamucii | Food & Agriculture News","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.selinawamucii.com\/news\/2026\/01\/14\/wasde-report-sharpens-surplus-undercuts-world-wheat-prices\/","og_locale":"en_US","og_type":"article","og_title":"WASDE report sharpens surplus, undercuts world wheat prices - Selina Wamucii | Food & Agriculture News","og_description":"On January 12, 2026, the USDA\u2019s monthly World Agricultural Supply and Demand Estimates (WASDE) report projected upscale wheat supplies, lowering prices a day after. The WASDE raised international wheat production by 4.3 million tonnes annually in 2025-26, to 1.102 billion tonnes. Also up is global consumption of the grain by 900,000 tonnes year-on-year (y-o-y), to...","og_url":"https:\/\/www.selinawamucii.com\/news\/2026\/01\/14\/wasde-report-sharpens-surplus-undercuts-world-wheat-prices\/","og_site_name":"Selina Wamucii | Food & Agriculture News","article_published_time":"2026-01-14T13:22:15+00:00","article_modified_time":"2026-01-14T13:22:33+00:00","og_image":[{"width":640,"height":417,"url":"https:\/\/www.selinawamucii.com\/news\/wp-content\/uploads\/2026\/01\/Wheat_harvest.jpg","type":"image\/jpeg"}],"author":"Timothy Wahome","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Timothy Wahome","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/www.selinawamucii.com\/news\/2026\/01\/14\/wasde-report-sharpens-surplus-undercuts-world-wheat-prices\/","url":"https:\/\/www.selinawamucii.com\/news\/2026\/01\/14\/wasde-report-sharpens-surplus-undercuts-world-wheat-prices\/","name":"WASDE report sharpens surplus, undercuts world wheat prices - Selina Wamucii | Food & Agriculture News","isPartOf":{"@id":"https:\/\/www.selinawamucii.com\/news\/#website"},"datePublished":"2026-01-14T13:22:15+00:00","dateModified":"2026-01-14T13:22:33+00:00","author":{"@id":"https:\/\/www.selinawamucii.com\/news\/#\/schema\/person\/8c0aad9a1f85037798080d75b4302cf8"},"breadcrumb":{"@id":"https:\/\/www.selinawamucii.com\/news\/2026\/01\/14\/wasde-report-sharpens-surplus-undercuts-world-wheat-prices\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.selinawamucii.com\/news\/2026\/01\/14\/wasde-report-sharpens-surplus-undercuts-world-wheat-prices\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/www.selinawamucii.com\/news\/2026\/01\/14\/wasde-report-sharpens-surplus-undercuts-world-wheat-prices\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.selinawamucii.com\/news\/"},{"@type":"ListItem","position":2,"name":"WASDE report sharpens surplus, undercuts world wheat prices"}]},{"@type":"WebSite","@id":"https:\/\/www.selinawamucii.com\/news\/#website","url":"https:\/\/www.selinawamucii.com\/news\/","name":"Selina Wamucii | Food & Agriculture News","description":"Discover the Latest in Food and Agriculture.","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.selinawamucii.com\/news\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.selinawamucii.com\/news\/#\/schema\/person\/8c0aad9a1f85037798080d75b4302cf8","name":"Timothy Wahome","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.selinawamucii.com\/news\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/636da6c8288b7dcaef01a42b50c3bc41?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/636da6c8288b7dcaef01a42b50c3bc41?s=96&d=mm&r=g","caption":"Timothy Wahome"},"url":"https:\/\/www.selinawamucii.com\/news\/author\/twt4wahomegmail-com\/"}]}},"_links":{"self":[{"href":"https:\/\/www.selinawamucii.com\/news\/wp-json\/wp\/v2\/posts\/24134"}],"collection":[{"href":"https:\/\/www.selinawamucii.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.selinawamucii.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.selinawamucii.com\/news\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.selinawamucii.com\/news\/wp-json\/wp\/v2\/comments?post=24134"}],"version-history":[{"count":2,"href":"https:\/\/www.selinawamucii.com\/news\/wp-json\/wp\/v2\/posts\/24134\/revisions"}],"predecessor-version":[{"id":24137,"href":"https:\/\/www.selinawamucii.com\/news\/wp-json\/wp\/v2\/posts\/24134\/revisions\/24137"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.selinawamucii.com\/news\/wp-json\/wp\/v2\/media\/24135"}],"wp:attachment":[{"href":"https:\/\/www.selinawamucii.com\/news\/wp-json\/wp\/v2\/media?parent=24134"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.selinawamucii.com\/news\/wp-json\/wp\/v2\/categories?post=24134"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.selinawamucii.com\/news\/wp-json\/wp\/v2\/tags?post=24134"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}