据外媒报道，布宜诺斯艾利斯谷物交易所表示，阿根廷2025/26年度小麦产量预计将创下2780万吨的纪 录高位，从此前预估的2710万吨上调，原因是随着收割工作接近尾声，单产持续处于高位。 周五，芝加哥期货交易所(CBOT)软红冬小麦期货收盘互有涨跌，其中基准期约收低0.10%。 据外媒报道，加拿大统计局发布的数据显示，除燕麦外，11月主要谷物生产商的交付量均有所增加。数 据显示，加拿大11月谷物交付量为5623537吨，较2024年同期的4923512吨增加14.2%。其中所有小麦交 付量为3442185吨，较去年同期的2844116吨增加21%。 市场资讯： 私人咨询公司AgResource指出，在2025-26年度，全球小麦出口商额外生产了11亿蒲式耳的粮食。 美国农业部：截至12月18日，美国2025/2026年度小麦出口净销售为14.8万吨，前一周为43.3万吨； 2026/2027年度小麦净销售4.6万吨，前一周为0.9万吨美国2025/2026年度小麦出口装船62.7万吨，前一周 为49.1万吨。 ...

Core Insights - The strong wheat futures contract remains unchanged at 3050.00 yuan as of the latest report [1] Market Insights - As of August 31, the EU's soft wheat export volume for the 2025/26 season is 2.57 million tons, a decrease of 44% compared to the same period last year [2] - Ukraine's largest agricultural producer alliance, UAC, reports that the country has nearly completed its 2025 wheat harvest, with August wheat exports rising to 1.89 million tons and September exports expected to reach at least 1.7 million tons. The total wheat exports in July were 732,800 tons [2] - Sovecon, a grain consulting company, has raised its forecast for Russia's 2025-2026 wheat exports from 43.3 million tons to 43.7 million tons due to improved crop prospects [2] - The USDA's weekly crop progress report indicates that as of August 31, the U.S. spring wheat harvest rate is at 67%, below the market expectation of 70% [2] - The USDA data shows that as of the week ending August 28, the U.S. wheat export inspection volume was 802,780 tons, revised from the previous week's 1,020,254 tons. The cumulative wheat export inspection volume for the current crop year is 6.64 million tons, compared to 5.80 million tons in the same period last year [2]

Core Viewpoint - Wheat prices have declined from a seven-week high due to improved yield expectations in Russia, the world's largest wheat exporter, driven by favorable weather conditions [1] Price Movement - Chicago wheat futures fell by 2.7% to $5.40 per bushel, marking a decrease from the peak levels seen since mid-April [1] Market Dynamics - Prior to this decline, grain prices had been on an upward trend, largely due to optimistic expectations that competitively priced U.S. wheat would boost global demand [1] - However, the ample supply from Russia may hinder U.S. exporters from expanding their sales further [1]