Category: Wheat

Key Takeaways China cancellation: China canceled a 132,000-tonne purchase of US white wheat, originally reported on November 20. Price competition: Argentine wheat is reportedly offered at more competitive prices, likely contributing to the shift away from US supplies. Futures under pressure: CBOT wheat futures fell to their lowest level since October 23 on December 17,…

Bearish: Ukrainian milling wheat prices declined by USD 2–4/ton across major ports to USD 208–216/ton CPT amid weak demand. Bearish: Ongoing infrastructure and energy disruptions are curbing export activity and pushing some grain companies to suspend procurement. Bearish: Competitive pricing for US wheat in Asian tenders is limiting upside potential for Black Sea origins. Ukrainian…

Bearish: Ukrainian wheat prices declined across domestic and export markets, with feed wheat under sharper pressure than milling wheat. Bearish: Port prices for both milling and feed wheat slipped by USD 1–2/t, reflecting weaker export demand and ample supply. Bearish: Power outages are constraining production capacity and may further limit near‑term domestic demand despite ongoing processor…

Wheat under pressure: U.S. and European wheat futures fell (CBOT March SRW -1.6% to $191.34/t), though U.S. wheat exports remain 21.9% above last year, signaling resilient global demand. Corn export strength: U.S. corn futures slipped only modestly, while exports for 2025/26 surged 68.74% year-over-year to 22.5 million tonnes, tightening competition for Black Sea origins. Oilseeds…

Production Shock: Kyrgyzstan’s 2025 wheat output fell 26% year-on-year amid weaker yields, with total grain production down 15%. Yield Deterioration: Average grain yields dropped to 30 c/ha from 35.8 c/ha, driven by poorer performance in the key Chui and Talas regions. Barley Under Pressure: Barley production declined 26% to 474,000 tons, with yields sliding to…

Trade Resumption: China has booked its first Argentine wheat cargo in around 30 years via state-owned Cofco International. Competitive Supply: Record Argentine harvest and lower export duties to 7.5% are making its wheat among the cheapest globally. Market Impact: Neutral to slightly bearish for Black Sea wheat as Argentina competes more aggressively in Asian destinations,…

Stable exports: Weekly wheat loadings at Novorossiysk eased just 2.8% to 449.7 thousand tons, signaling steady Black Sea export flows. Diversified demand: Oman, Sudan, and Turkey each took more than 60 thousand tons, highlighting broad MENA regional demand. Neutral sentiment: A minor volume decline and continued robust shipments keep overall market sentiment neutral for now.…

Extended hours: Euronext will add a two-hour evening session (18:30–20:30 CET) for milling wheat, corn, and rapeseed futures starting February 2. Settlement unchanged: The official closing and settlement price remains the 18:30 CET level; evening trades are marked to that price. Liquidity impact: Longer hours may enhance price discovery and flexibility for European and Black…

Bullish: Larger-than-expected 2025 Russian wheat and total grain crop, including a projected 88.5–89 million tons of wheat and record legume output, increases overall supply. Bearish: Historic low share of production in export-oriented southern regions raises logistics costs and may restrict effective export flows despite strong harvest volumes. Russia Ups 2025 Wheat Harvest Outlook Russia’s 2025…

Tunisia’s grain agency ODC purchased a total of 350,000 tons of grain (soft wheat, durum wheat, and feed barley) in its December 11 international tender for delivery between January and March 2026. Soft wheat prices were tightly ranged at $255.77–$257.14/ton C&F, while durum wheat traded at a roughly 24% premium and barley cleared at $269.12/ton…