Andrey Sizov
29.12.2025
Holiday Notice: Our daily news digest will pause for the winter holidays from December 31 to January 11. Publication resumes on January 12, 2026.
On Friday, U.S. grain futures edged lower. Chicago SRW wheat for March settled at $5.19/bu ($191/mt; -0.5% from Wednesday). Kansas City HRW wheat for March slipped to $5.33/bu ($196/mt; -0.1%). U.S. corn for March settled at $4.50/bu ($177/mt; -0.2%). Euronext was closed for Christmas holidays.
Rosstat published preliminary 2025 crop results. Wheat output totaled 91.4 mmt, according to Rosstat, versus SovEcon’s estimate of 88.8 mmt and USDA’s 87.5 mmt (excluding Crimea). Corn output totaled 12.7 mmt, in line with SovEcon’s estimate and below USDA’s 14.5 mmt. Barley output totaled 19.7 mmt (SovEcon: 19.4 mmt; USDA: 18.6 mmt).
Turkey’s statistical agency TurkStat finalized the country’s wheat crop. Turkey’s 2025 wheat output totaled 17.9 mmt, in line with TurkStat’s fall estimate and 1.1 mmt below USDA’s estimate. Turkey harvested 20.8 mmt of wheat a year earlier.
As of Dec. 25, Ukrainian farmers had harvested 57.6 mmt of grain from 11.0 mln ha, or 94% of the plan, with an average yield of 5.25 mt/ha, according to the Economy Ministry’s data. Corn harvest totaled 27.5 mmt from 3.8 mln ha (87%), versus 26.4 mmt from 3.8 mln ha (86%) a year earlier.
Russia’s wheat export tax will fall to 97.3 rubles/mt from 109.1 rubles/mt from Jan. 12, the Agriculture Ministry said.
China’s National Development and Reform Commission stepped up efforts to boost the country’s grain production capacity by about 50 mmt, mostly through corn and soybeans. China currently produces about 320 mmt of corn and soybeans.
