Category: Wheat
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Russian Wheat Export Duty Cut Sparks Price Shift
Bearish (spot): Russia’s wheat export duty will be slashed to 8.9 rubles/ton for Dec 3–9, 2025, boosting export competitiveness and pressuring near-term Black Sea prices. Bullish (new-crop): Early 2026 Russian wheat harvest forecasts of 82–90 MMT, with a PIC consensus of 85.9 MMT, point to tighter future supply and support for forward pricing. Neutral for…
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Russian Wheat Quality Rises, Hitting Global Prices
Key Takeaways Initial monitoring shows Russia’s wheat quality is higher than last year. The share of milling wheat increased to 78%, up from 77% in 2023. Wheat with 12.5% protein rose to 28 million tonnes (MT). High-quality “strong wheat” output increased to 6.3 MT, up from 4.1 MT. Overall, improved wheat quality may impact global…
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Argentina’s Record Wheat Crop Boosts Global Supply
Argentina’s wheat harvest is forecast to reach a record 25.5 million tonnes—surpassing the previous high. The harvest is over one-third complete, with yields coming in stronger than anticipated. Market Update The Buenos Aires Grain Exchange projects Argentina’s 2023/24 season wheat harvest could reach a record 25.5 million tonnes. This forecast, reported on November 28, surpasses…
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South Korea Feed Wheat Deal Excludes Russian Origin
South Korea’s MFG bought 65,000 tons of feed wheat in a private deal with Cargill. Price set at $264.30 per ton C&F, delivery scheduled for March 2026. Agreement strictly excludes wheat of Russian origin (along with China, Pakistan, Argentina, and Denmark). This distant-dated deal acts as a forward price marker but does not indicate near-term…
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Russian Wheat Production Forecast 2026: Decline Ahead
Russian wheat production forecast to decline to 85.5–88 million tons in 2026, down from 88.4–88.5 million tons in 2025. Export competitiveness under pressure: Russian wheat priced at $227/ton FOB Novorossiysk, above French wheat. November exports robust at 4 million tons (through Nov 24), targeting 5.2+ million tons for the month. Structural challenges: reduced wheat acreage,…
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Today’s Wheat News: Latest Updates and Insights
Today’s Wheat News: Market Update for November 2025 Key Takeaways CBOT wheat futures decline 0.32% to $5.3975 per bushel for March contracts Global wheat production forecast increased to 830 million tons for 2025/26 Strong export competition drives prices lower despite active demand Winter wheat planting 97% complete with excellent crop conditions Current Price Movements Show…