Category: Wheat

Forecast Upgrade: SovEcon raised Russia’s 2025/26 wheat export outlook to 44.6 million tons on strong demand and better export economics. Record Sales: November wheat shipments hit an all-time high of 5.1 million tons as buyers returned after delaying purchases. Improved Margins: Export margins turned slightly positive as domestic prices fell while FOB values held near…

Wheat & corn supported: U.S. export commitments are running well ahead of last year, tightening global exportable supplies and providing a neutral to slightly bullish backdrop for Black Sea wheat and corn values. Soybeans lagging: U.S. soybean exports are only 64% of USDA targets versus an 82% average pace, keeping oilseed sentiment more cautious despite…

Strong crop outlook: 11,500 hectares of winter wheat in Chernihiv, Kharkiv, and Sumy regions are overwintering well with uniform stands and vibrant green growth. Low weather risk so far: No signs of frost damage or critical plant stress reported during winter dormancy in key northern Ukrainian regions. Technology-driven productivity: Recent investments in Fendt and Horsch…

Hryvnia prices rise: Milling and feed wheat bids at Greater Odesa ports climbed to UAH 10,000-10,600/tonne (CRT) as the currency weakened. Dollar prices steady: USD-denominated bids for Ukrainian wheat held in the USD 206-216/tonne range, preserving export competitiveness. Logistics pressure: Overloaded networks, port restrictions, and higher tariffs from Russian attacks are lifting domestic cost bases.…

Neutral: Jordan secured 60,000 tonnes of milling wheat at $260/tonne C&F, setting a competitive price benchmark for April delivery. Neutral: Only half of the planned 120,000 tonnes was purchased, signaling either price sensitivity or a staggered procurement strategy. Neutral: Tight bid spread of less than $5/tonne among five major traders highlights ample global wheat supply…

Bullish (Rapeseed): February rapeseed futures jumped 2.4% to €462.75/tonne on bargain buying after December’s 16‑month low and supply concerns following damage to Bunge’s Dnipro vegetable oil plant. Bearish (Wheat): March Euronext wheat eased 0.5% to €188.25/tonne under pressure from abundant global supplies and increased Argentine export competition. Market Overview Euronext wheat futures slipped on January…

Russian wheat export duty cut to zero: Government reduces wheat export duty from 97.3 rubles/ton to zero for January 14–20, easing costs for exporters. Indicative wheat price edges higher: Wheat reference price rises to $229.2/ton from $228.4/ton, indicating slightly firmer market conditions. Barley and corn remain duty-free: Export duties for barley and corn stay at…

Bearish price move: Ukrainian milling wheat fell UAH 200-400/tonne over December amid weaker demand. Lower domestic demand: Constant power outages at processing plants are curbing wheat purchases. Soft export market: Weak export demand and limited trader activity are pressuring prices. Potential value opportunity: The recent price erosion may attract buyers if values stabilize at current…

Bearish pricing: Ukrainian milling wheat prices in Greater Odessa ports fell USD 6-9/ton in December, ending at USD 208-216/ton CPT (Class 2) and USD 206-214/ton CPT (Class 3). Feed wheat weakness: Feed wheat prices declined by an average USD 9/ton to USD 197-207/ton CPT (port) as buying interest eased toward month-end. Logistics-driven pressure: Military threats,…

Kazakhstan wheat prices firmed as state-owned Food Corporation began direct purchases, lifting offers for all grades. Black Sea export flows strengthened with Novorossiysk wheat loadings rising 5.7% week-on-week to 409,000 tonnes. Russia expanded export geography as Kemerovo Oblast completed its first-ever 1,200-tonne wheat shipment to Vietnam by rail. Overall tone: Neutral to slightly bullish on…