Category: Wheat
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Jordan Wheat Tender: 60,000t Secured at $277.50
Tender Result: Jordan’s MIT purchased 60,000 tonnes of milling wheat at $277.50/tonne C&F, half of the 120,000-tonne target volume. Price Competitiveness: CHS won the tender with the lowest bid, undercutting rivals by $0.90–$7.50 per tonne across a tight offer range. Logistics Window: Shipment is scheduled for June 1–15 delivery to Aqaba port, providing a benchmark…
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Kazakhstan Wheat Imports Soar 41x on Russian Price Edge
Russian wheat inflows surge: Kazakhstan imported 395,700 tons of Russian wheat in the first five months of 2025/26 MY, a 41-fold jump from 9,500 tons a year earlier. Currency-driven advantage: Weakness of the Russian ruble against the Kazakh tenge is making Russian wheat highly competitive for Kazakh processors. Shifting Black Sea trade flows: Increased Kazakhstan…
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Brazil Wheat Production to Hit Five-Year Low (2026/27)
Brazil wheat output seen at five-year low: 2026/27 harvest projected around 6.86–6.9 million tonnes, down roughly 12% year-on-year. Acreage contraction: Sown area expected to fall 5.2–15.5% amid weak margins, higher nitrogen fertilizer costs, and competition from alternative crops. Weather risk: Potential El Niño in late 2026 raises concerns about excessive rainfall and quality losses during…
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Russian Wheat Export Duty Reinstated at 135.4 RUB/ton
Policy shift: Russia reinstates a wheat export duty of 135.4 rubles/tonne from March 18 after a nine-week suspension. Mixed price signals: Wheat prices hold steady at $231.5/tonne, while barley and corn indicative prices edge lower. Competitiveness impact: The renewed wheat duty is mildly bearish for Russian export competitiveness versus other Black Sea origins. Russia Reinstates…
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Australian Wheat Exports Surge 14% — Black Sea Pressure
Export Surge: Australian wheat exports rose 14% m/m in January 2025 to 2.607 million tonnes, signaling strong demand. Regional Demand: Southeast Asia absorbed over 55% of Australian shipments, with Indonesia, the Philippines, and Thailand leading purchases. Competitive Pressure: Larger Australian flows and freight advantages are pressuring Black Sea wheat competitiveness in key Asian markets. Market…
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EU Wheat Exports Rise 9% — Romania Leads
EU wheat exports up 9%: Shipments reached 16.5 million tonnes in 2025/26 MY (as of March 8), signaling stronger EU presence in global wheat trade. Romania leads wheat flows: Romania shipped 5.35 million tonnes, ahead of France at 4.55 million tonnes, consolidating Black Sea–based EU export leadership. Barley exports surge: EU barley exports jumped 90%…
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Ukrainian Wheat Prices Rise in Odessa Ports
Key Takeaways Price gains: Class 2 wheat in Greater Odessa ports rose by 100–150 UAH/t week-on-week to 10,600–11,000 UAH/t CPT-port as of March 11, 2026. FX support: Dollar bids climbed to 215–225 USD/t CPT-port, underpinned by hryvnia devaluation and restrained farmer selling. Mixed exporter behavior: Some exporters without urgent contract needs posted lower bids, signaling…
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Algeria wheat tender: 200,000t bought at $291/mt
Algeria’s OAIC purchased about 200,000 tons of milling wheat in an origin-flexible international tender closed March 10. Estimated purchase price is around $291/mt C&F for April–May 2024 delivery to Mostaganem and Tenes. The modest volume and competitive pricing from non–Black Sea origins are neutral to slightly bearish for Black Sea wheat exporters. Algeria Wheat Tender…
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Ukrainian Wheat Prices Edge Higher on Tight Supply
Stable but firm prices: Ukrainian wheat values held steady with a gradual upward bias amid tight farmer selling. Strong domestic demand: Processors maintained solid demand for both milling and feed wheat across most facilities. Seasonal selling risk: Upcoming spring sowing may prompt selective farmer sales to secure working capital, adding limited supply. Neutral to bullish…