How Much Higher Will Wheat Prices Go Here?

November 14, 2025 at 09:42 AM EST

March soft red winter wheat (ZWH26) futures present a buying opportunity on more price strength.

See on the daily bar chart for March soft red winter wheat futures that prices are trending higher. The bulls have the overall near-term technical advantage and have gained fresh upside momentum this week.

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Fundamentally, the global supply and demand balance sheet for wheat is tighter and that favors the bulls. Recent U.S. trade deals with its world counterparts, and more in the works, are also a positive for the U.S. grain markets.

A move in March SRW wheat futures above chart resistance at $5.60 would give the bulls more power and it would also become a buying opportunity. The upside price objective would be $6.20 or above. Technical support, for which to place a protective sell stop just below, is located at $5.35.

IMPORTANT NOTE: I am not a futures broker and do not manage any trading accounts other than my own personal account. It is my goal to point out to you potential trading opportunities. However, it is up to you to: (1) decide when and if you want to initiate any trades and (2) determine the size of any trades you may initiate. Any trades I discuss are hypothetical in nature.

Here is what the Commodity Futures Trading Commission (CFTC) has said about futures trading (and I agree 100%):

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On the date of publication, Jim Wyckoff did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. For more information please view the Barchart Disclosure Policy here.

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