SovEcon: Russian and global grain market news – August 18, 2025

Daily news and market insights from a leading firm focused on the Black Sea grain markets research

US grain futures rose on Friday. The December SRW wheat contract closed at $5.27/bu ($194/mt; +0.5% from Thursday). The December HRW wheat contract in Kansas climbed to $5.28/bu ($194/mt; +0.5%). The December Euronext wheat contract fell to €195.25/mt ($229/mt; -1.3%). The December US corn contract rose to $4.05/bu ($160/mt; +2.0%).

The harvest has been completed in Russia’s Rostov region, acting Governor Yuri Slyusar said. Farmers harvested 8.2 mmt of grain, compared with 11.5 mmt in 2024. Average yield this year was 2.59 mt/ha, down from 3.29 mt/ha a year earlier.

Russia’s wheat export tax will remain at zero for the second consecutive week starting August 20, according to the Agriculture Ministry.

As of August 14, Ukraine harvested 24.8 mmt of grain, compared with 28.5 mmt in 2024, according to data from the Economy Ministry. Average yield fell to 4.01 mt/ha from 4.24 mt/ha.

Germany’s wheat crop in 2025 will increase by 21.1% to 22.4 mmt from the previous year, the country’s farmers’ cooperative association (DRV) forecasted.

More Articles for You

Saudi Arabia Cancels Wheat Tender as Prices Surge

The absence of competitive Black Sea wheat is starting to disrupt international tenders, according to the latest SovEcon report. Saudi …

Russian Wheat Exports Start 2026/27 at Half Last Year’s Pace

Russian wheat exports are expected to remain around 2.0 mmt in September, compared with 4.6 mmt a year earlier, according …

Russia May Suspend Wheat Export Duty

Russia is likely to suspend its floating grain export duties through the end of 2026. The Agriculture Ministry is preparing …

Russian Wheat Exports Set for Lowest August Since 2010

Russian wheat exports are set to fall sharply in August as disruptions at key Black Sea ports continue to restrict …

August Wheat Exports Could Be Lowest Since 2016/17

Black Sea disruptions and weak demand weigh on shipments

Russia wheat exports in July lowest since 2017/18

Russian wheat exports totaled an estimated 1.6 mmt in July, the lowest for the month since 2017/18, according to a …