Andrey Sizov
02.12.2025
On Monday U.S. grain futures declined. March SRW wheat closed at $5.35/bu ($197/mt), down 0.6% from Friday. March HRW wheat eased to $5.27/bu ($193/mt), down 0.2%. March Euronext wheat settled at €188.50/mt ($219/mt), up 0.3%. March U.S. corn fell to $4.45/bu ($175/mt), down 0.6%.
Australia’s ABARES raised its 2025/26 wheat production forecast by 1.9 mmt to 35.6 mmt. Analysts expect the crop to be the third largest on record, after 40.5 mmt in 2022/23 and 36.2 mmt in 2021/22.
Ukraine’s wheat production in 2026 could rise to 24–25 mmt from 23 mmt this year, Deputy Economy Minister Taras Vysotskyi said.
StoneX cut its 2025/26 Brazilian corn production forecast by 0.6% to 134.4 mmt. Brazil harvested a record 139.7 mmt of corn a year earlier, according to state agency Conab.
For the week ended Nov. 27, U.S. corn shipments totaled 1.4 mmt versus market expectations of 1.0–1.3 mmt, USDA data show. Wheat shipments over the same period reached 385,000 mt, below trade estimates of 400,000–600,000 mt.
On Wednesday, Dec. 3, Algeria’s OAIC will hold a tender to buy a nominal 50,000 mt of milling wheat of optional origin for February shipment. In late October Algeria bought about 600,000 mt of wheat at $259/mt C&F in a similar tender.
