Category: Wheat

Ukrainian wheat prices: Small-port CPT now at $225–230/t, with forecasts pointing to $228–234/t next week on stronger demand. Demand drivers: Renewed buying interest from Egypt and Algeria is reviving the market after a post-holiday slowdown. Global weather risks: Poor US winter wheat ratings (30% good/excellent vs. 45–50% average) and a 50% moisture deficit in France…

Ukrainian feed wheat export prices in ports edged up by around USD 1/t, reaching USD 210-218/t CPT Odessa and USD 209-217/t CPT Danube as of April 23. Tight producer supply and firm feed corn prices are supporting a neutral to slightly bullish tone in the feed wheat market. Hryvnia-denominated prices rose by UAH 100-150/t to…

SovEcon raised its 2024 Russian wheat harvest forecast to 89.7 million tonnes, up 2.1 million tonnes from 87.6 million tonnes. Favorable weather and stronger winter wheat prospects are the main drivers behind the upward revision. Late April weather remains a risk, with temperatures forecast 4–6°C below normal, though still above freezing. Market sentiment is neutral…

New route established: Kazakhstan successfully shipped over 15,000 tons of wheat to Vietnam in 2025 via a multimodal rail-sea corridor through China. Diversified export corridors: The new route reduces Kazakhstan’s reliance on traditional Black Sea export channels for wheat. Logistics cooperation: Kazakhstan’s JSC NC KTZ and Vietnam Railways agreed to expand freight volumes and enhance…

Jordan Secures 60,000 Tonnes of Wheat at Competitive Prices Jordan’s MIT purchased 60,000 tonnes of random-origin milling wheat at $273.99/tonne C&F, covering 50% of its 120,000-tonne tender. Cargill won the tender with the lowest offer, beating four major competitors by $1.41–$10.50/tonne. Delivery is scheduled for August 16–31 to Jordan’s Aqaba port, setting a benchmark for…

Kazakh wheat exports to Afghanistan more than doubled to 507.65 thousand tons in H1 2025/26 MY, up 104% year-on-year. Afghanistan has become the 3rd largest buyer of Kazakh wheat, underscoring a strategic shift in regional grain trade flows. Flour exports to Afghanistan edged lower to 667 thousand tons, down from 685 thousand tons in the…

Duty Elimination: Russia cuts the wheat export duty from 329 rubles/ton to zero effective April 22, 2025. Grain Competitiveness: Zero export duties across wheat, barley, and corn enhance Russian price competitiveness in global markets. Stable Demand Signal: Wheat’s indicative price edges up to $234.4/ton, pointing to steady underlying demand. Russia Eliminates Wheat Export Duty The…

Bullish: Ukrainian Class 3 milling wheat prices are supported by stronger global grain markets, geopolitical risks, deteriorating US crop conditions, and limited farmer selling. Bearish: Upside is capped by weak buying interest, ample global wheat supplies, and significant carryover stocks weighing on price discovery. Market Update Ukrainian milling wheat export prices held steady in the…

Algeria books 400,000 tons of durum wheat in its latest international tender, with shipment scheduled between May 16 and June 30, 2024. Price spread of $5/ton between Panamax and Handymax vessels, setting a key C&F benchmark at $327-332/ton. Canadian origin dominates the award, signaling stronger competitive pressure on Black Sea durum exporters. Neutral to bearish…

French exports rebound: FranceAgriMer raised 2025/26 soft wheat intra‑EU exports to 7.70 million tonnes, up 13% year‑on‑year. Extra‑EU strength: Extra‑EU soft wheat exports are projected at 7.1 million tonnes, more than double 2024/25 volumes. Stocks at decade high: French soft wheat ending stocks are forecast at 3.31 million tonnes, a 10‑year high despite a downward…