Category: Wheat

Volume Secured: Tunisia’s ODC booked 100,000 tonnes of soft wheat via international tender for May–June 2025 delivery. Price Range: Awarded prices were tightly grouped between $274.70 and $275.49 per tonne C&F, highlighting strong competition. Supplier Split: Cargill won half the volume, with Buildcom and Casillo each securing one 25,000-tonne batch. Market Signal: Neutral for Black…

Competitive Procurement: Jordan secured 60,000 tons of milling wheat at $275.95/ton C&F, covering half of its 120,000-ton tender at a relatively low price point. Price Benchmark: Cargill’s winning bid undercut rival offers by $4–10/ton, setting a key July shipment benchmark for Middle Eastern wheat demand. Black Sea Opportunity: The random-origin specification and unfilled 60,000-ton balance…

Supply Tightness: Total Ukrainian grain exports are down 20.5% year-over-year, signaling tighter Black Sea supplies that may underpin prices. Wheat Support: Slower wheat export pace at 9.9 million tons could lend support to FOB Black Sea wheat values if production stays constrained. Corn Dominance: Corn remains highly competitive, accounting for 54.6% of exports and sustaining…

Spring wheat sowing in Kyrgyzstan has reached 34.9% of the planned area, running ahead of last year’s pace. Total spring grain sowing stands at 22.3% of the 2026 plan, with barley notably advanced while corn planting has yet to start. Spring plowing is 39,900 hectares ahead of the same period in 2025, indicating favorable field…

Production outlook: India’s 2026 wheat harvest is expected to exceed last year’s output but come in below initial estimates. Weather impact: Late-February heatwave and subsequent hail-accompanied rains have damaged crops and raised grain quality concerns. Global balance: Any shortfall in Indian exportable surplus could be mildly supportive for Black Sea wheat demand, though India remains…

Volume Secured: Algeria’s OAIC purchased about 690,000 tons of milling wheat via an international tender concluded on March 26. Price Level: The deal was agreed at around $272 per ton C&F, reflecting competitive export pricing. Origin Mix: Most of the wheat is expected to come from Black Sea suppliers, notably Ukraine, Romania, and Bulgaria. Shipping…

Bullish: Russian wheat FOB prices have rallied to around $240/t, the highest level since August 2025, supported by strong import demand and ruble weakness. Bullish: SovEcon upgraded export forecasts for both the current and next seasons, underpinned by an upward revision to the 2026 wheat harvest estimate. Bullish: Market sentiment has shifted from expectations of…

Class 2 milling wheat prices edged higher to USD 217-227/t SRT-port at Greater Odessa, up USD 1-2/t week-on-week. Farmer selling remains tight as producers hold back volumes on expectations of stronger pricing and rising FOB levels. Higher logistics costs are adding support to domestic wheat prices, despite relatively stable hryvnia values. Market sentiment is bullish…

Russian wheat prices stable: 12.5% protein FOB values hold at $238-242/ton, sustaining the Iranian crisis-driven price surge. Exports revised higher: March wheat shipments now estimated at 4.2-4.6 million tonnes, near record levels for the month. Market tone: Neutral to bullish as firm prices coexist with strong export momentum and solid global demand. Logistics: High port…

Bearish for Russian wheat exports: Export duty jumps from RUB 135.4/ton to RUB 516.5/ton from March 25, sharply reducing competitiveness. Neutral on wheat pricing benchmark: Indicative wheat price remains unchanged at $231.5/ton, despite the duty hike. Supportive for barley and corn exports: Barley and corn export duties stay at zero, potentially redirecting Black Sea export…