Wedoany.com Report-Nov. 4, Analysts from Spike Brokers reported that the wheat market has shown little movement in recent weeks, with prices remaining unchanged for three consecutive weeks. The stability follows a summer rally caused by delayed harvesting, which had temporarily pushed up prices before they later settled into a steady pattern.

According to Spike Brokers, “After the summer rally caused by the delay in the harvest, when prices for food wheat reached $235, and feed wheat was traded at $230, quotes have decreased by $15–20 and have remained stable for two months in a row.” The report indicates that the market has entered a period of minimal volatility, with limited shifts in trading activity and pricing levels.

From July onward, wheat export volumes have reached 6.2 million tons, compared with 7.7 million tons during the same period last year. The decline highlights a slower pace of export shipments as domestic supply continues to rise. Analysts noted that the market is gradually feeling the effects of export delays, contributing to the current stagnation in price movements.

As of this week, the spot price index for food wheat with 11.5% protein content and delivery within 30 days remained steady at $221 per ton, unchanged from the previous week. Similarly, the feed wheat index was stable at $208 per ton. These figures reflect a consistent trend over the past several weeks, with neither external demand nor domestic factors significantly influencing price adjustments.

Market participants attribute the lack of movement to a balance between steady domestic supply and moderate export demand. While global grain prices have fluctuated due to regional production changes and weather conditions, the local market has shown resilience and maintained equilibrium.

Industry observers suggest that future price changes will depend on export activity in the coming months and the pace of international grain trade recovery. For now, however, the wheat sector appears to be in a phase of consolidation, with buyers and sellers waiting for new developments in both domestic and foreign markets.

Overall, the wheat market’s current condition reflects stability rather than growth or decline. Prices for both food and feed wheat have held firm for an extended period, while exports remain below last year’s level. This suggests a cautious market sentiment, as stakeholders assess whether upcoming seasonal or trade factors will shift the balance between supply and demand in the near term.