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Black Sea wheat prices stabilized in early October 2025, amid slow exports and rising demand.
Black Sea wheat prices stabilized in early October 2025, holding $8–10 below summer highs but $10 above spring lows, according to Argus AgriMarkets.
US wheat prices also stabilized or slightly rose after earlier declines.
Despite ample global supply, Black Sea exports remain slow due to conflict and political barriers, while US exports have increased.
Importers, previously waiting for lower prices, are now more active.
Global wheat and corn stocks-to-use ratios are expected to tighten by late 2025 and early 2026, with Argentina and Australia poised to boost output by 3–5 million tonnes.
Australian production faces challenges from dry weather and quality variability.
Traded prices on platforms like Clear Grain Exchange are significantly higher than advertised bids, reflecting increased direct negotiation between buyers and sellers.
Los precios del trigo del Mar Negro se estabilizaron a principios de octubre de 2025, en medio de exportaciones lentas y una demanda creciente.