American millers are buying wheat from Poland due to high prices in the US
European traders reported that US companies have been purchasing Polish milling wheat in recent weeks, seeking cheaper raw materials due to high prices for US wheat, Reuters reports.
Estimates of the volumes purchased varied. A Polish trader reported that four shipments of 30,000 tonnes of Polish milling wheat were sold to mills on the US East Coast. An unnamed German trader stated that between two and four shipments were sold.
The deals reportedly included the new wheat crop. Expected shipping dates are from September to December 2026.
A German trader stated that “US millers appear to be seeking cheaper alternatives to expensive US wheat. American millers regularly purchased wheat from Poland when US prices were considered too high.”
The price of US soft red winter wheat (SRW) for May delivery currently ranges from $250 to $253 per ton FOB US Gulf of Mexico, depending on fluctuations in wheat futures prices. This is significantly higher than the price of wheat in the Baltic Sea region, which ranges from $238 to $240 per ton FOB.
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