Category: Wheat

Algeria Tender Secured: OAIC booked 600,000–720,000 tons of milling wheat at $253–$254/ton C&F, with Argentine origin expected to dominate. Russian Prices Under Pressure: Russian wheat producer prices fell 10.2% YoY to 12,142 rubles/ton in November 2025, making wheat the cheapest major grain domestically. Logistics Advantage: February 2026 shipment slots for South American origins put Black…

French wheat: March MATIF milling wheat edged up 0.17% to $221.83/t in thin holiday trading, while May remained flat. Corn strength: March MATIF corn gained 0.95% to $224.73/t, with June corn holding slightly below at €192.75/t. Oilseeds mixed: SAFEX March sunflower seed fell 2.73% to 9,618 ZAR/t (45,690 RUB/t), while sunflower oil stayed firm at…

Kazakhstan wheat export prices: Rose by USD 1–3/t across grades, with Grade 5 reaching USD 208–212/t DAP Saryagash. Domestic price divergence: Lower-grade wheat gained 1,000 tenge/t while premium Grade 3 wheat lost 2,000 tenge/t. Exports accelerating: Extended transport subsidies to 2026 and stronger demand from Central Asia and Transcaucasus are boosting shipments. Farmer selling pressure…

Russia Export Upgrade: IGC raised Russia’s 2025/26 wheat export forecast to 44.2 million tons, the first upward revision in five months, supported by a higher harvest estimate of 87.6 million tons. EU Export Downgrade: EU wheat export outlook was cut to 31.3 million tons, further widening Russia’s competitive advantage in global wheat markets. Saudi Buying…

Production Boost: IKAR raised Russian wheat export potential to 46.5 million tonnes on the back of a larger-than-expected 139.4 million tonne grain harvest, including 91.4 million tonnes of wheat. Logistics Constraint: A record-low 57% share of wheat from southern export hubs creates complex and potentially costly logistics that may cap actual exports near 44 million…

Exports Down 10%: Russian wheat shipments fell to 26.7 million tons in Jul–Dec 2025 from a record 29.7 million tons a year earlier. Turkey & Iran Step Up Buying: Turkey’s imports jumped 2.2x to 4.4 million tons, while Iran’s surged 2.9x to 1.7 million tons, moving it to third place. Diversifying Demand: Pakistan forecasts 1.5…

Russian exports: January 2025 wheat exports projected at 2.8–3.0 million tons, up 12–20% year-on-year. Saudi demand: GFSA issues a 595,000-ton milling wheat tender (12.5% protein, any origin) closing January 16. Shift in buyers: Turkey and Iran sharply increase Russian wheat imports after domestic crop shortfalls. Competitive pressure: Bangladesh reduces Russian purchases amid stronger competition from…

USDA upgrade: Kazakhstan’s 2025/26 wheat export forecast raised to 9.5 million tonnes on stronger early-season shipments. Export surge: September–November 2025 wheat exports jumped 29% year-on-year to 2.34 million tonnes. Uzbekistan demand: Uzbekistan imported 1.47 million tonnes of Kazakh wheat in three months, cementing its role as Kazakhstan’s key buyer. Ample regional supply: Stable Kazakh production…

Crop resilience: Winter wheat in southern and southeastern Kazakhstan overwintered safely in early January, with no reported freeze damage. Weather support: Air temperatures ran 2–4°C above normal, maintaining tillering node temperatures mostly above critical thresholds across key regions. Moisture risk: Below-normal precipitation and thin snow cover (<5 cm) in some areas pose localized risk if…

Bullish: Weather-related production risks in the Black Sea and US wheat belt, combined with recovering import demand, are supportive for Ukrainian wheat prices. Bearish: Ongoing military risks and port infrastructure disruptions in Ukraine continue to constrain export flows and limit near-term shipment volumes. Market Update Ukrainian wheat exports remained muted in December as security risks…