{"id":57066,"date":"2026-08-20T03:01:38","date_gmt":"2026-08-20T03:01:38","guid":{"rendered":"https:\/\/www.vtmarkets.com\/en-asia\/uncategorized\/wheat-prices-fall-focus-turns-to-us-and-russian-crops\/"},"modified":"2026-08-20T03:01:38","modified_gmt":"2026-08-20T03:01:38","slug":"wheat-prices-fall-focus-turns-to-us-and-russian-crops","status":"publish","type":"post","link":"https:\/\/www.vtmarkets.com\/en-asia\/analysis\/wheat-prices-fall-focus-turns-to-us-and-russian-crops\/","title":{"rendered":"Wheat Prices Fall, Focus Turns to US and Russian Crops"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\">Today in the <a href=\"https:\/\/www.vtmarkets.com\/soft-commodities\/\">agricultural commodities<\/a> market, Chicago wheat recorded a drop on Wednesday, marking its first decline in five sessions. This pullback came after the grain hit a two-month peak in the prior session, demonstrating a slight correction after <a href=\"https:\/\/www.vtmarkets.com\/analysis\/wheat-prices-rise-due-to-geopolitical-tensions\/\">its recent upswing<\/a>. <\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The most-active wheat contract on the Chicago Board of Trade (CBOT) decreased by 0.5% to $6.00 a bushel. This adjustment occurred following a rise to $6.03-1\/2 a bushel on Tuesday, which was its highest value since mid-February.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Wheat Prices Respond to Russian Weather and U.S. Crop Ratings<\/strong><\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">Concurrently, corn prices saw a decline by 0.1% to $4.52-1\/4 a bushel, and soybeans showed minimal movement, gaining just a quarter of a cent to settle at $11.82-1\/4 a bushel. The recent dynamics in wheat prices have been influenced by several factors, such as the <a href=\"https:\/\/www.reuters.com\/markets\/commodities\/us-wheat-farmers-face-bleak-crop-economics-grain-oversupply-hits-2024-04-17\/\">decline in U.S. crop ratings<\/a> and adverse weather conditions affecting crop maturation in Russia.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Increased Concerns Over Global Wheat Supply<\/strong><\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">The latest <a href=\"https:\/\/www.usda.gov\/media\/radio\/weekly-features\/2024-04-16\/usdas-weekly-crop-progress-report-massive-undertaking\">U.S. Department of Agriculture&#8217;s (USDA) weekly crop progress report<\/a> indicated that only 50% of the U.S. winter wheat crop was rated in good-to-excellent condition, a decrease from 55% the previous week and slightly lower than analysts&#8217; expectations. <\/p>\n\n\n\n<figure class=\"wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter\"><div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\"><p lang=\"en\" dir=\"ltr\">(FARGO, ND)\u2013 The latest <a href=\"https:\/\/x.com\/USDA?ref_src=twsrc%5Etfw\">@USDA<\/a> Crop Progress Report reflected a deteriorating winter wheat crop in parts of the country but also showed good planting conditions for row crops and spring wheat.<a href=\"https:\/\/t.co\/Al5pSuuEGx\">https:\/\/t.co\/Al5pSuuEGx<\/a><\/p>&mdash; American Ag Network (@AmericanAgNet) <a href=\"https:\/\/x.com\/AmericanAgNet\/status\/1782821730853044275?ref_src=twsrc%5Etfw\">April 23, 2024<\/a><\/blockquote><script async src=\"https:\/\/platform.x.com\/widgets.js\" charset=\"utf-8\"><\/script>\n<\/div><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\">This reduction is primarily attributed to dry conditions impacting hard red winter wheat areas in Oklahoma and Kansas. Similarly, dry weather in southern Russia and a cold spell in western Europe have heightened concerns over global wheat supplies.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Furthermore, adjustments to wheat production forecasts have been made, with <a href=\"https:\/\/finance.yahoo.com\/news\/argus-raises-2024-25-russia-120000652.html\">Argus Media<\/a> revising its expectations for Ukraine\u2019s wheat output downward to 19.93 million metric tons, reflecting a decrease of about 230,000 tons from previous estimates. This represents an 11% reduction compared to the previous year, linked to a smaller planted area.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>US Corn Planting Matches Expectations, Soybeans Ahead of Schedule<\/strong><\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">In terms of planting progress, the U.S. is experiencing somewhat favourable conditions for corn, with the USDA reporting 12% of the corn crop planted, aligning with analyst expectations. For soybeans, planting is slightly ahead of forecasts, with 8% completed compared to an anticipated 7%.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Start trading now \u2014 click <\/strong><a href=\"https:\/\/www.vtmarkets.com\/get-trading\/forex-trading-account\/?utm_campaign=account_c&amp;utm_source=dma&amp;utm_medium=website\"><strong>here<\/strong><\/a><strong> to create your live VT Markets account.<\/strong><\/p>\n\r\n\n\n\n<p class=\"wp-block-paragraph\"><b>Start trading now \u2014 click <a href=\"https:\/\/www.vtmarkets.com\/en-asia\/trade-now\/\">here<\/a> to create your real VT Markets account.<\/b>\n\n<\/p>\n\n<!-- vt-src:12944 -->","protected":false},"excerpt":{"rendered":"<p>Today in the agricultural commodities market, Chicago wheat recorded a drop on Wednesday, marking its first decline in five sessions. This pullback came after the grain hit a two-month peak in the prior session, demonstrating a slight correction after its recent upswing. The most-active wheat contract on the Chicago Board of Trade (CBOT) decreased by <a href=\"https:\/\/www.vtmarkets.com\/analysis\/wheat-prices-fall-focus-turns-to-us-and-russian-crops\/\" class=\"read-more\">Continue Reading<\/a><\/p>\n","protected":false},"author":87,"featured_media":0,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[31],"tags":[],"class_list":["post-57066","post","type-post","status-publish","format-standard","hentry","category-analysis"],"acf":{"acf_article_selection_author":null},"aioseo_notices":[],"aioseo_head":"\n\t\t<!-- All in One SEO Pro 5.0.1 - aioseo.com -->\n\t<meta name=\"description\" content=\"Today in the agricultural commodities market, Chicago wheat recorded a drop on Wednesday, marking its first decline in five sessions. 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The most-active wheat contract on the Chicago Board of Trade (CBOT) decreased by Continue Reading","inLanguage":"en-US","isPartOf":{"@id":"https:\/\/www.vtmarkets.com\/en-asia\/#website"},"breadcrumb":{"@id":"https:\/\/www.vtmarkets.com\/en-asia\/analysis\/wheat-prices-fall-focus-turns-to-us-and-russian-crops\/#breadcrumblist"},"author":{"@id":"https:\/\/www.vtmarkets.com\/en-asia\/author\/josephine\/#author"},"creator":{"@id":"https:\/\/www.vtmarkets.com\/en-asia\/author\/josephine\/#author"},"datePublished":"2026-08-20T03:01:38+00:00","dateModified":"2026-08-20T03:01:38+00:00"},{"@type":"WebSite","@id":"https:\/\/www.vtmarkets.com\/en-asia\/#website","url":"https:\/\/www.vtmarkets.com\/en-asia\/","name":"VT Markets","inLanguage":"en-US","publisher":{"@id":"https:\/\/www.vtmarkets.com\/en-asia\/#organization"}}]},"og:locale":"en_US","og:site_name":"VT Markets -","og:type":"article","og:title":"Wheat Prices Fall, Focus Turns to US and Russian Crops - VT Markets","og:description":"Today in the agricultural commodities market, Chicago wheat recorded a drop on Wednesday, marking its first decline in five sessions. This pullback came after the grain hit a two-month peak in the prior session, demonstrating a slight correction after its recent upswing. The most-active wheat contract on the Chicago Board of Trade (CBOT) decreased by Continue Reading","og:url":"https:\/\/www.vtmarkets.com\/en-asia\/analysis\/wheat-prices-fall-focus-turns-to-us-and-russian-crops\/","article:published_time":"2026-08-20T03:01:38+00:00","article:modified_time":"2026-08-20T03:01:38+00:00","article:publisher":"https:\/\/www.facebook.com\/vtmarketsglobal\/","twitter:card":"summary_large_image","twitter:site":"@vtmarketsglobal","twitter:title":"Wheat Prices Fall, Focus Turns to US and Russian Crops - VT Markets","twitter:description":"Today in the agricultural commodities market, Chicago wheat recorded a drop on Wednesday, marking its first decline in five sessions. This pullback came after the grain hit a two-month peak in the prior session, demonstrating a slight correction after its recent upswing. The most-active wheat contract on the Chicago Board of Trade (CBOT) decreased by Continue Reading","twitter:creator":"@vtmarketsglobal"},"aioseo_meta_data":{"post_id":"57066","title":null,"description":null,"keywords":null,"keyphrases":null,"primary_term":null,"canonical_url":null,"og_title":null,"og_description":null,"og_object_type":"default","og_image_type":"default","og_image_url":null,"og_image_width":null,"og_image_height":null,"og_image_custom_url":null,"og_image_custom_fields":null,"og_video":null,"og_custom_url":null,"og_article_section":null,"og_article_tags":null,"twitter_use_og":false,"twitter_card":"default","twitter_image_type":"default","twitter_image_url":null,"twitter_image_custom_url":null,"twitter_image_custom_fields":null,"twitter_title":null,"twitter_description":null,"schema":{"blockGraphs":[],"customGraphs":[],"default":{"data":{"Article":[],"Course":[],"Dataset":[],"FAQPage":[],"Movie":[],"Person":[],"Product":[],"ProductReview":[],"Car":[],"Recipe":[],"Service":[],"SoftwareApplication":[],"WebPage":[]},"graphName":"","isEnabled":true},"graphs":[]},"schema_type":"default","schema_type_options":null,"pillar_content":false,"robots_default":true,"robots_noindex":false,"robots_noarchive":false,"robots_nosnippet":false,"robots_nofollow":false,"robots_noimageindex":false,"robots_noodp":false,"robots_notranslate":false,"robots_max_snippet":null,"robots_max_videopreview":null,"robots_max_imagepreview":"large","priority":null,"frequency":null,"local_seo":null,"seo_analyzer_scan_date":"2026-08-20 11:25:18","breadcrumb_settings":null,"limit_modified_date":false,"open_ai":null,"ai":null,"created":"2026-08-20 03:01:39","updated":"2026-08-20 11:25:18","focus_keyword":null,"additional_keywords":null,"truseo_locale":null},"aioseo_breadcrumb":"<div class=\"aioseo-breadcrumbs\"><span class=\"aioseo-breadcrumb\">\n\t<a href=\"https:\/\/www.vtmarkets.com\/en-asia\" title=\"Home\">Home<\/a>\n<\/span><span class=\"aioseo-breadcrumb-separator\">\u00bb<\/span><span class=\"aioseo-breadcrumb\">\n\t<a href=\"https:\/\/www.vtmarkets.com\/en-asia\/category\/analysis\/\" title=\"Today&apos;s Analysis\">Today's Analysis<\/a>\n<\/span><span class=\"aioseo-breadcrumb-separator\">\u00bb<\/span><span class=\"aioseo-breadcrumb\">\n\tWheat Prices Fall, Focus Turns to US and Russian Crops\n<\/span><\/div>","aioseo_breadcrumb_json":[{"label":"Home","link":"https:\/\/www.vtmarkets.com\/en-asia"},{"label":"Today's Analysis","link":"https:\/\/www.vtmarkets.com\/en-asia\/category\/analysis\/"},{"label":"Wheat Prices Fall, Focus Turns to US and Russian Crops","link":"https:\/\/www.vtmarkets.com\/en-asia\/analysis\/wheat-prices-fall-focus-turns-to-us-and-russian-crops\/"}],"_links":{"self":[{"href":"https:\/\/www.vtmarkets.com\/en-asia\/wp-json\/wp\/v2\/posts\/57066","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.vtmarkets.com\/en-asia\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.vtmarkets.com\/en-asia\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.vtmarkets.com\/en-asia\/wp-json\/wp\/v2\/users\/87"}],"replies":[{"embeddable":true,"href":"https:\/\/www.vtmarkets.com\/en-asia\/wp-json\/wp\/v2\/comments?post=57066"}],"version-history":[{"count":0,"href":"https:\/\/www.vtmarkets.com\/en-asia\/wp-json\/wp\/v2\/posts\/57066\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.vtmarkets.com\/en-asia\/wp-json\/wp\/v2\/media?parent=57066"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/en-asia\/wp-json\/wp\/v2\/categories?post=57066"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/en-asia\/wp-json\/wp\/v2\/tags?post=57066"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}