where is the price of wheat and soybeans going to go
Wheat looks slightly higher to firmer , while soybeans are more mixed but have had upside support recently. Based on the latest market commentary, wheat futures closed mostly higher on June 25, 2026, and soybeans rallied on dry- weather concerns, though the broader trend can still swing quickly with weather and USDA updates.
Wheat
Wheat has been getting some support from late-session strength and a tighter weather-sensitive narrative. Recent market notes also show wheat price estimates being nudged higher by USDA, with a season-average farm price around $5 per bushel and officials expecting a seasonal rise ahead.
Soybeans
Soybeans have been more volatile, but recent commentary shows a solid rally tied to drier start-of-July conditions. USDA also raised its soybean season- average price estimate to about $10.30 a bushel, which points to a mildly constructive outlook rather than a sharp drop.
What could move them
- Weather in the U.S. and South America.
- Export demand and shipping pace.
- USDA supply-and-demand updates.
- Planting and harvest progress.
Near-term read
If the weather stays stressful for crops, both wheat and soybeans can keep grinding higher. If conditions improve and supply expectations build, wheat may soften first, while soybeans could remain relatively supported if dryness persists.
Table
| Crop | Near-term direction | Why |
|---|---|---|
| Wheat | Slightly upward / firm | Recent strength in futures and higher USDA price outlook |
| Soybeans | Mixed, with upside bias | Dry-weather rally and higher USDA price outlook |
