EU wheat exports face pressure amid lower global forecasts

Wheat market forecasts for 2025-’26 have shifted downward. Both the US and EU expect reduced output and exports. Tough competition is influencing stock levels and trade flows. Global USDA wheat forecast down The global wheat outlook for 2025-’26 has been revised downwards. The US Department of Agriculture has slightly lowered its forecast for the global wheat harvest in its new WASDE report. The ending stock of wheat is expected to decrease by 740,000 tons to 277.51 million tons.