Category: Wheat
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USDA Cuts Ukrainian Wheat Exports by 1M Tons
USDA trims Ukrainian exports: 2025/26 wheat export forecast cut by 1.0 million tons to 12.5 million, 20.6% below 2024/25 levels. Russian capacity grows: Russia’s export potential raised to 44.5 million tons, adding regional supply cushion and limiting upside price risk. Higher Ukrainian stocks: Carry-over stocks revised up to 3.93 million tons, easing export urgency but pressuring domestic prices. Global…
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EU Wheat Forecast 2026/27: Slight Revision, Risks Ahead
Marginally supportive: Expana raised its 2026/27 EU soft wheat forecast to 128.7 million tonnes, reflecting generally favorable March weather. Structurally bearish: Wheat output for 2026/27 remains 8.4 million tonnes below the current 2025/26 forecast, a year-on-year decline of 6.1%. Downside risk: Reduced fertilizer application and potential spring precipitation deficits could further constrain EU grain yields.…
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Ukrainian Wheat Prices Fall at Odessa Ports
Wheat prices at Greater Odessa ports declined by USD 1-3/t amid weakness on global exchanges. Class 2 and Class 3 wheat prices have converged, signaling weak demand and limited quality differentiation. Buyers are focused on fulfilling existing contracts, while farmers are withholding sales in hopes of a price recovery. Near-term market liquidity is expected to…
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Jordan Milling Wheat Tender: 60,000t at $275.95/ton
Strategic Purchase: Jordan’s MIT secured 60,000 tons of random-origin milling wheat at a competitive $275.95/ton C&F, covering only half of the 120,000-ton tender. Price Benchmark: Buildcom’s winning offer set a key price reference for Mediterranean wheat imports, undercutting rival bids by $3.93–8.54/ton. Market Tone: Outcome is neutral to slightly bearish for Black Sea wheat, as…
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Ukrainian Wheat Prices Hold Steady as Farmers Hold Back
Prices Stable: Ukrainian wheat prices held steady last week with only marginal revisions from processors. Farmer Sales Limited: Producers restricted sales volumes, expecting further price appreciation and supporting current price floors. Narrow Port Spreads: A tight USD 3–8/t spread between milling and feed wheat at ports signals balanced quality demand. Volatility Risk: Export market fluctuations…
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Australian Feed Wheat: Thailand Buys 60,000t at $259.95
Deal Secured: Thai importers purchased around 60,000 tonnes of feed wheat at $259.95/tonne C&F for June delivery. Australian Origin Likely: The contract was awarded to operator SVN, with traders expecting the wheat to be sourced from Australia. Price Benchmark: The tender result sets a competitive C&F benchmark for Asian feed wheat imports. Regional Competition: Neutral…
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Kazakhstan Durum Wheat Exports Up 24% After Strong H1
Forecast Upgrade: Kazakhstan raised its 2025/26 durum wheat export forecast by 24% to 460,000 tonnes on strong first-half shipments. Stronger Demand: First-half exports climbed 31% year-on-year to 275,600 tonnes, with Italy remaining the dominant buyer. Diversifying Buyers: New markets including Tunisia, Portugal, Afghanistan, and Belgium are helping reduce export concentration risk. Mixed Regional Flows: Turkey…
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Black Sea Wheat Market: No Actionable Data
Data Gap: No specific Black Sea wheat market prices, volumes, or trade data were available in the source material. No Signal: Without concrete fundamentals or news, no bullish or bearish bias can be derived for the market today. Action Required: Traders and analysts must refer to alternative sources for timely Black Sea grain market intelligence.…
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Russian Wheat Exports Surge 110% in March — Market Update
Exports Surge: Russian wheat shipments jumped 110% year-on-year in March to 4.6 million tons, with total grain exports reaching nearly 5.3 million tons. Buyer Concentration: Egypt and Turkey dominated wheat purchases, while Iran emerged as a major new buyer for Russian corn. Season Lagging: Season-to-date wheat exports are still down 4.7%, keeping full-season volumes under…
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Egypt Wheat Purchase Price Rises 11% for 2024
Key Takeaways Egypt raised the domestic wheat procurement price to 2,500 EGP ($46.76) per ardeb (150 kg), an increase of around 6–11% from the prior 2,250–2,350 EGP range. The government targets 5 million tonnes of local wheat purchases for 2024, up from about 3.9 million tonnes last year. Strategic reserves for key commodities, including wheat,…