Category: Wheat

Operational milestone: Rodina Agrofirm completed spring sowing on 50,000 ha in Akmola Oblast, becoming the first in the region to finish the 2026 harvest campaign fieldwork. Wheat-heavy structure: Wheat accounts for 30,343 ha (about 61% of total area), underscoring continued producer confidence in grain markets. Efficient execution: The sowing campaign began on May 11 and…

Market Access: Germany secures approval to export wheat to Indonesia starting June 2025 via a new plant safety agreement. Demand Potential: Indonesia’s sizable annual wheat imports of around 11 million tonnes offer meaningful volume opportunities for German exporters. Sector Support: Expanded third-country exports help underpin Germany’s grain sector amid stable or declining domestic wheat consumption.…

Argentina will cut its wheat export tax from 7.5% to 5.5% starting June 2025, improving its competitiveness in global wheat markets. Proposed soybean export tax cuts of 0.25–0.5 percentage points from January 2027 remain conditional on fiscal performance. The move signals President Milei’s push to stimulate agricultural exports, potentially intensifying competition in shared demand markets…

Asian demand recovery: Ukrainian wheat exports are rebounding as Asian importers resume active purchasing for new season supplies. US output decline: US wheat production is forecast to fall from 54 million tons to 42 million tons amid deteriorating crop conditions and moisture deficits. Weather risks in EU: Emerging moisture shortages in France are increasing concerns…

Volume: Algeria’s OAIC purchased about 200,000 tons of milling wheat in its May 20 tender. Pricing: Purchase prices ranged between $284 and $292 per ton on a C&F basis, with origin left flexible. Logistics: Discharge is limited to Mostaganem and/or Tenes, with delivery set for July–September 2024. Shipment Timing: Wheat from South America or Australia…

Slightly Bullish EU Wheat: Lower German wheat output year-on-year may offer modest support to European wheat prices. Bearish Black Sea Wheat: Any EU deficit could redirect demand toward competitive Black Sea feed wheat origins. Neutral to Slightly Bearish Oilseeds: Higher German rapeseed output may pressure regional oilseed and meal markets. Weather-Driven Upside Revision: Recent favorable…

Neutral corn impact: NOFI secures 68,000 tons of corn at $278.49/ton C&F with open origin, keeping Black Sea corn opportunities intact. Bearish Russian wheat: Wheat tender explicitly excludes Russian origin, curbing Black Sea wheat export potential from Russia. Tighter wheat pricing: Feed wheat bought at $292.99/ton C&F, about $14.50/ton above corn, reflecting standard feed grain…

Kazhydromet projects winter wheat yields near long-term averages across major producing regions, implying stable output expectations. Above-normal yields are forecast for Shardara and Kazygurt districts in Turkestan region, offering localized production strength. Market impact is neutral to slightly bearish for Black Sea wheat prices as average Kazakh yields reduce supply uncertainty. Traders are awaiting the…

South Korea secures 130,000 tons of feed wheat via private deals with Cofco, bypassing traditional tender procedures. Price signals around $290/ton C&F set a reference level for Asian feed wheat values with September delivery. Russian wheat explicitly excluded alongside China, Pakistan, Argentina, and Denmark, underscoring ongoing access challenges for Black Sea exporters. Neutral-to-bearish implications for…

Prices Edge Higher: Ukrainian Class 3 milling wheat rose by USD 1-3/ton week-on-week across key export hubs. Global Supply Tightening: USDA downgrades to major exporters’ wheat output supported firmer Ukrainian export bids. Farmer Selling Still Weak: Producers continue to hold stocks, viewing wheat as undervalued versus corn and waiting for better prices. Sentiment Slightly Bullish:…