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The Philippines is expected to import more wheat in the 2024-2025 marketing year as the demand for various products such as bread, cakes, and noodles increased along with population growth. The United States Department of Agriculture’s Foreign Agricultural Service (FAS) said the inflow of Philippine-bound wheat cargoes from July 2024 to June 2025 is expected

On Monday, December 23, 2024, the wheat market rose. March soft winter wheat quotes on the Chicago Mercantile Exchange CBOT rose to $198.60 per ton, March hard winter wheat futures KCBT in Kansas City - to $202.45 per ton, March hard spring wheat futures MGEХ in Minneapolis - to $218.81 per ton.

On Thursday, December 19, 2024, the wheat market fell for the third day in a row due to ample global supplies and a stronger dollar. Chicago Board of Trade soft winter wheat futures for March settled at $195.84 per ton, Kansas City hard winter wheat futures for March settled at $199.61 per ton, and Minneapolis hard spring wheat futures for March settled at $215.50 per ton.   Chicago SRW futures for March settled at $5.33, down 8 ¼ cents. Kansas City HRW futures for March settled at $5.43-1/4, down 5 ½ cents. Minneapolis March spring wheat futures settled at $5.86-3/4, down 5 1/4 cents.