Wheat Falls Most in Three Weeks as Strong Supply Offsets Demand

Wheat futures in Chicago fell the most in three weeks as improving production prospects globally put pressure on the market, even with signs of healthy demand.

Consultancy IKAR raised its outlook for output in top exporter Russia this week, as the country’s harvest draws to a close, while rains in Australia have boosted crop estimates there. That adds to strong global supply prospects, with the International Grains Council raising its 2025-26 forecast in a report earlier this month.