USDA – Wheat Outlook, Mar 2026

This report provides the global and U.

S. wheat market outlook for the 2025/26 marketing year. It highlights forecasts of global wheat trade rebound due to large exporter supplies, with major exporters like Argentina, Australia, and the European Union increasing exports, while Ukraine is expected to decrease exports. The report also discusses relatively low international wheat prices, increased wheat purchases by major importers outside the EU, record-high wheat feed and residual use, and stable U.S. wheat production and export forecasts for 2025/26.