Category: Wheat

Total Volume: Tunisia’s ODC secured 150,000 tonnes of wheat (100,000 tonnes soft, 50,000 tonnes durum) in its March tender. Price Levels: Soft wheat was booked as low as $271.69/tonne C&F, while durum wheat traded at $334.49–$334.67/tonne C&F. Delivery Windows: Durum wheat ships earlier in April 2024, with soft wheat following in May 2024. Suppliers &…

Export Surge: Russia’s wheat exports rose 33% year-on-year in February to 2.75 million tons, signaling strong global demand and competitive pricing. March Acceleration: March exports are forecast at 3.6 million tons, nearly double last year’s March volume, pointing to improved logistics and favorable weather. Stable Market Share: Cumulative July–March exports are projected at 36 million…

Global output risk: IGC projects a 2% decline in global wheat production in 2026/27, tightening balances after a record 2025/26 crop. Record current harvest: Major exporters, led by Russia, Ukraine, and the EU, are set for unprecedented 2025/26 wheat output, supporting ample near-term supply. Demand strength: Food use of wheat is expanding at the fastest…

Bullish: Feed wheat prices at Greater Odessa ports rose to 207-215 USD/t CPT on strong import demand and limited farmer selling. Bullish: Weather risks to spring sowing and higher logistics costs are tightening near-term supply and supporting prices. Bullish: Hryvnia-denominated prices gained UAH 50-100/t, reflecting additional strength from currency and parallel gains in milling wheat…

Bearish: Iran has already secured over 90% of its 2025/26 wheat import needs, removing a key demand driver for Black Sea wheat for the remainder of the season. Bearish: Suspension of Russian grain shipments to Iran may create surplus availability in Black Sea ports, potentially pressuring wheat and feed grain prices if alternative buyers are…

Bullish: No clear bullish drivers identified due to lack of substantive market data in the source material. Bearish: Market sentiment and price direction cannot be assessed without actual news, pricing, or trade information. No actionable financial or commodity market update can be generated from the provided input, as it contains only website description and navigation…

Ukraine’s total grain and legume exports in 2025/26 MY are down 24.6% year-on-year to 22.32 million tons as of March 2. Wheat exports surpassed 9 million tons but remain 24.7% below last season’s pace. Corn continues to dominate Ukraine’s export mix at 11.538 million tons, though volumes are also lower versus 2024/25 MY. Broad-based declines…

Saudi wheat buy exceeds target: GFSA purchased 794,000 tonnes versus the 655,000-tonne plan, highlighting strong forward import demand into mid-2026. Wide C&F price spread: Prices ranged from $265.61 to $283.00 per tonne C&F, with Dammam commanding the highest values on freight and logistics. Multi-origin competition: Flexible origin terms (EU, Black Sea, Americas, Australia) reinforce intense…

India heat stress: Record March temperatures are hitting wheat and rapeseed during critical grain filling, threatening yield potential. Export risks: Lower Indian wheat output could delay the country’s planned return to export markets, tightening global supply. Price support: Potential supply disruption from the world’s second-largest wheat producer is broadly supportive for global wheat prices. Black…

Neutral: No credible price indications or trade flows can be derived today due to a complete lack of substantive Black Sea wheat market data in the source. Cautious: Market participants should avoid relying on this update for pricing or risk decisions until verifiable quotes or news are provided. Market Overview No actionable Black Sea wheat…