Andrey Sizov
25.08.2025
Wheat futures declined on Friday. The September SRW wheat contract closed at $5.05/bu ($185/mt; -0.5% from Thursday). The September HRW wheat contract fell to $4.98/bu ($183/mt; -1.0%). The September Euronext wheat contract settled at €196.50/mt ($230/mt; -0.4%). The September U.S. corn contract rose to $3.88/bu ($153/mt; +0.3%).
Russian farmers harvested over 64 mmt of wheat, Deputy Prime Minister Dmitry Patrushev said on August 22. Total grain production reached 85 mmt.
Ukraine’s wheat output in the 2025/26 season will amount to 21 mmt, according to Rodion Rybchynskyi, head of the Ukrainian Millers Association.
Russia’s wheat export duty will increase to 32.1 rub/mt starting August 27, the Agriculture Ministry said. The duty had been set at zero for the past two weeks.
