Wheat - Minneapolis Prices

29-01-2026 - Over the past month, the price of Minneapolis wheat has seen a slight decrease, moving from $5.7925 per bushel to $5.74 per bushel, indicating a modest downward trend in the market value of this raw material. The forecast for Minneapolis wheat suggests a slight increase to $5.7835 per bushel, up by 0.8% from the current price of $5.74 per bushel. This points to a generally stable trend with minimal risk, indicating stable raw material pricing.

The current forecast presents mixed signals. While data on seaborne imports and exports suggest a price decrease of $0.0194 per bushel, demand and supply data indicate upward pressure. Overall, flows and technical data suggest a downward trend for raw material prices.

According to the U.S. Department of Agriculture's Economic Research Service, U.S. wheat ending stocks are projected to rise by 8% year-over-year in the 2025/26 season, reaching their highest level since 2019/20. This marks the third consecutive year of growth in ending stocks, coinciding with a declining season-average farm price, now projected at $4.90 per bushel, the lowest since 2019/20. This outlook suggests a bearish trend in the wheat market, contrasting with the forecast's prediction of an upward movement in the MGEX wheat market.