Info from investing .com. Wheat futures are trading between $5–$6 per bushel, near their lowest since 2020, pressured by ample global supplies and sluggish demand. Australian wheat inventories are expected to end the season significantly higher, as exports to China dropped sharply. Only 546,000 metric tons were shipped between October and March, down from 2.9 million tons a year earlier. Also, rising competition from Russian wheat and the upcoming Northern Hemisphere harvest are set to flood the market with cheap grain. In China, favorable harvest weather is expected this week, and authorities are pushing to speed up harvest operations ahead of rains. Meanwhile, the latest WASDE report projects global wheat production to hit a record 808.5 million tons in 2025/26, lifting total supply to 1,073.7 million. Ending stocks are forecast at 265.7 million tons, slightly up from last year.