USDA’s Jan estimate for 2025/26 U.S. wheat left exports unchanged at 900 million bushels. Projected U.S. wheat ending stocks were raised 25 million bushels to 926 million, up 8 percent from the previous year. The season-average farm price is lowered $0.10 per bushel to $4.90.  The world wheat outlook for 2025/26 is for larger supplies, consumption, trade, and ending stocks. Projected world ending stocks were raised 3.4 million tons to 278.3 million, primarily on increases for Russia and Argentina...