Category: Wheat

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…

Bullish: Kazakhstan–Turkey agricultural trade rose 25% in 2025 to $360 million, supported by expanded wheat, lentil, and oilseed flows. Bullish: Rail freight volumes between the two countries increased 35% to 6.4 million tonnes, improving supply reliability. Bullish: Trans-Caspian Middle Corridor delivery times shortened to 13 days, enhancing Kazakhstan’s export competitiveness. Bullish: Turkey’s $390 million in…

Production Surge: Turkey’s 2026/27 wheat output is forecast to jump 20% year-on-year to 19.8 million tonnes on better rainfall and an eight-year high in planted area. Import Demand Eases: Higher domestic availability is expected to cut Turkey’s wheat imports by 10% to 6.5 million tonnes, softening demand in Black Sea export channels. Flour Exports Under…

Kazakhstan’s wheat stocks slipped 2% year-on-year to 10.8 million tons as of April 1, 2026, signaling slightly tighter supply. Milling wheat dominates reserves at 9.22 million tons (around 85% of total wheat), supporting quality-focused export demand. Feed wheat remains relatively tight at about 504 thousand tons, which could underpin regional feed grain prices. Overall grain…

USDA trims Ukrainian exports: 2025/26 wheat export forecast cut by 1.0 million tons to 12.5 million, 20.6% below 2024/25 levels. Russian capacity grows: Russia’s export potential raised to 44.5 million tons, adding regional supply cushion and limiting upside price risk. Higher Ukrainian stocks: Carry-over stocks revised up to 3.93 million tons, easing export urgency but pressuring domestic prices. Global…