USDA’s latest market estimate projects larger wheat supplies in the U.S. and globally, making it difficult for wheat prices to rise. Less than 5% of the crop has been sold so far, well below the typical 15%. More wheat could enter the market at harvest, putting downward pressure on prices. USDA also forecasts fewer wheat exports, with soft white and hard red winter wheat numbers remaining unchanged. Market movement this spring will likely be driven by wheat futures rather than cash prices, with limited opportunities for strong rallies. Analysts expect some price rallies due to potential weather concerns but caution that wheat prices are unlikely to rise significantly in the near future.