U.S. wheat farm price season‑average increased $0.20 to $6.40 per bushel for the 2026/27 marketing year, while aggregate supply and use remained unchanged. Export projections shifted: white wheat shipments rose by 20 million bushels, offset by declines in Hard Red Winter and Hard Red Spring volumes. The higher farm price strengthens the wheat outlook, supporting farmer income and tightening downstream margins. The move mirrors the 2012 U.S. wheat price rally, when farm prices rose $0.20 per bushel after a severe drought. Watch USDA's monthly supply‑and‑use report and any Great Plains weather anomalies as the next trigger. Medium‑term, wheat prices may hover near $6.40‑$6.60, offering upside for processors if export demand holds.
Um corte inesperado nas exportações de trigo poderia levar a novo rally até $6,70.
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