Andrey Sizov
25.12.2025
On Wednesday, grain futures extended gains. Chicago SRW wheat for March settled at $5.22/bu ($192/mt; +0.9% vs. Tuesday). Kansas City HRW wheat for March rose to $5.34/bu ($196/mt; +1.1%). Euronext wheat for March closed at €190.25/mt ($224/mt; +0.7%). US corn for March climbed to $4.51/bu ($178/mt; +0.8%).
Argentina’s soybean exports rose to 2.2 mmt in November from 1.7 mmt a month earlier and 0.1 mmt a year earlier, Oil World said. Most of the volume was shipped to China.
The Ukrainian Sea Ports Authority said operations at the Pivdennyi port have resumed. The port had previously been suspended to deal with the aftermath of an attack on infrastructure.
Algeria’s state grain agency OAIC bought 500,000-550,000 mt of durum wheat at $315-$325/mt C&F for February-March shipment in an international tender, traders said.
SovEcon estimates wheat exports in December at 3.9 million metric tons (mmt), above 3.4 mmt a year earlier and close to the record 4.1 mmt set in 2022. Russian wheat exports accelerated amid improving export margins.
Russia has completed the 2026 winter-crop sowing campaign. As of mid-December, farmers had planted 16.1 million hectares of winter wheat, slightly below 16.2 million hectares a year earlier and down from 16.9 million hectares two years ago. Russia’s winter wheat area peaked at 17.8 million hectares in December 2021 before entering a downward trend, reflecting weaker profitability in grain production following the introduction of wheat export taxes.
