Wheat price on Apr 30, 2026 at 5pm EDT?

The USDA's Agricultural Projections report, released in February 2025, forecasts the U.S. season-average farm price for wheat for the 2025/2026 marketing year to be $6.00 per bushel ^{[^]}. This projection is part of the "USDA Agricultural Projections to 2034" report, which provides a comprehensive long-term outlook for the U.S. and global agricultural sectors over a 10-year horizon ^{[^]}.

The forecast is detailed in specific report sections. The specific forecast of $6.00 per bushel for the 2025/2026 marketing year is detailed within the report's Table 11, titled "U.S. wheat: Supply and disappearance, 2023/24-2034/35" [1, p. 28]. This figure was consistently presented in related documents, such as the 2025 USDA Agricultural Outlook Forum's "Grains and Oilseeds Outlook" [3, p. 10]. These annual baseline projections incorporate expert judgment and reflect the anticipated relationships between supply, demand, and prices in the agricultural markets ^{[^]}.

The requested data point was not found in the provided research. The specific data point sought, which is the combined wheat export volume from Russia and Ukraine for the 2025 calendar year as reported by the International Grains Council (IGC) in its Q1 2026 Grain Market Report, could not be located within the supplied research materials ^{[^]}. The available sources did not directly offer this exact data point.

Available sources discuss other IGC reports and marketing years. These included discussions of IGC's June report on global grain and oilseed markets, forecasts for global wheat and corn harvests for Marketing Year (MY) 2026/27, and Russia's grain exports for the first half of MY 2025/26 ^{[^]}. Other references acknowledged the IGC as a source for market information and its Grain Market Reports ^{[^]}. However, none of the provided links directly presented the precise requested data point—the combined wheat export volume from Russia and Ukraine for the 2025 calendar year specifically from the Q1 2026 report. Therefore, a comprehensive answer with this exact data is not possible based on the given research.

By October 1, 2025, nearly half the Southern Plains faced severe drought. The U.S. Southern Plains region, encompassing Kansas, Oklahoma, and Texas, experienced significant multi-year drought conditions. According to the U.S. Drought Monitor, 45% of this combined area was classified as D2 (Severe Drought) or worse ^{[^]}. This figure indicated that a substantial portion of this vital agricultural region was under severe to extreme drought at the beginning of October 2025 ^{[^]}.

October 1, 2025 data confirmed widespread severe drought status. While reports from later in October 2025 indicated some localized easing of severe drought within the Southern Plains, the U.S. Drought Monitor's assessment for October 1, 2025, firmly established extensive and severe drought conditions across a significant portion of the region at that specific time ^{[^]}.

The General Administration of Customs of China (GACC) will publish official 2025 wheat import totals. GACC serves as the authoritative body for China's official wheat import figures for the 2025 calendar year, with its comprehensive annual report expected to cover January through December 2025 ^{[^]}. Monthly releases from GACC, such as the data for November 2025, offer cumulative imports that contribute to the overall annual total ^{[^]}. A significant surge in China's wheat imports during December 2025 has also been reported, which will factor into the final 2025 annual figures ^{[^]}. Specific official annual wheat import totals for 2025 are not explicitly available within the current research.

China's 2024 official wheat import total is not yet published. For the 2024 calendar year, China's official wheat import volume would typically be found in the GACC's "China's Major Imports by Quantity and Value, December 2024" report, which provides cumulative year-to-date figures ^{[^]}. While the complete annual total for 2024 is not explicitly stated in the available research, wheat imports for December 2024 were reported at 3.89 million metric tons, reflecting a 65% decrease month-on-month ^{[^]}.

Official annual wheat import totals for 2024 and 2025 are not explicitly available. Without full access to the content of the cited sources, these comprehensive annual figures for China's wheat imports for both 2024 and 2025 cannot be presented at this time.

Future net positions for 'Managed Money' are currently unascertainable. The net position of 'Managed Money' in Chicago SRW Wheat futures as of December 30, 2025, cannot be determined using currently available CFTC Commitment of Traders (COT) reports. These reports provide historical data, reflecting market positions on a specific past date and are released with a delay ^{[^]}. Since December 30, 2025, is a future date, the corresponding report detailing market positions has not yet been compiled or officially released by the CFTC. While the CFTC does provide a repository for historical reports, including URLs structured to host reports for dates such as December 30, 2025, these links will only contain relevant data once the actual reporting date has passed and the CFTC has officially published the information ^{[^]}. Consequently, the requested net position remains unascertainable.

Commitment of Traders reports offer transparency into historical market positions. These reports are designed to provide insights into market participant positions for various futures and options contracts, including agricultural commodities like Chicago SRW Wheat ^{[^]}. The reports classify traders into categories such as 'Managed Money', 'Producer/Merchant/Processor/User', 'Swap Dealers', and 'Other Reportables', detailing their long, short, and spreading positions ^{[^]}. The data presented in these reports reflects actual positions held on a specific past reporting date, offering insights into historical market sentiment and positioning.

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