Wheat Futures Fall from 9-Month High in Commodity News 17/03/2026 Wheat futures slipped toward $6 per bushel after reaching a nine-month high of $6.14 on March 13, following a cooling in oil and soybean prices. Brent crude remains above $100 per barrel but has eased as expectations grow that more tankers may pass through the Strait of Hormuz, where a few vessels have recently resumed transit. Soybean futures dropped sharply to below $12 per bushel amid uncertainty over US trade talks with China after President Donald Trump said a planned summit with Xi Jinping could be delayed if Beijing does not help reopen the Strait. The waterway, a key route for global commodity flows, has been largely shut since US Israeli attacks on Iran, disrupting shipments of oil, fuel and fertilizer. The energy squeeze is raising costs for farmers worldwide. Meanwhile, the USDA expects global wheat production in 2025/26 to reach a record 842.1 million metric tons, with slightly higher consumption also projected. Source: Trading Economics 2026-03-17 hellenicshippingnews... window.___gcfg = {lang: 'en-US'}; (function(w, d, s) { function go(){ var js, fjs = d.getElementsByTagName(s)[0], load = function(url, id) { if (d.getElementById(id)) {return;} js = d.createElement(s); js.src = url; js.id = id; fjs.parentNode.insertBefore(js, fjs); }; load('//connect.facebook.net/en/all.js#xfbml=1', 'fbjssdk'); load('https://apis.google.com/js/plusone.js', 'gplus1js'); load('//platform.twitter.com/widgets.js', 'tweetjs'); } if (w.addEventListener) { w.addEventListener("load", go, false); } else if (w.attachEvent) { w.attachEvent("onload",go); } }(window, document, 'script')); tweet Share