SovEcon: Russian and global grain market news – December 8, 2025

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

Grain futures declined on Friday. March Chicago SRW wheat settled at $5.36/bu ($197/mt), down 0.9% from Thursday. March Kansas City HRW wheat fell to $5.31/bu ($195/mt), down 0.5%. March Euronext wheat settled at €189.25/mt ($220/mt), down 0.3%. March U.S. corn decreased to $4.45/bu ($175/mt), down 0.6%.

The United States will unveil a $12 billion aid package for farmers on Monday, offering support to producers hurt by low crop prices and tariff policies, Bloomberg reported, citing a White House official.

The U.N. FAO food price index fell to 125.1 points in November from 126.6 points in October. The FAO cereal price index rose to 105.5 points from 103.6 points a month earlier.

In December, FAO raised its forecast for 2025 global grain production by 13.5 mmt to 3 003.1 mmt. Output could exceed 3 billion mt for the first time. The world wheat production forecast was increased by 8.2 mmt to 827.4 mmt.

As of Dec. 4, Ukrainian farmers had harvested 53.6 mmt of grains from 10.6 mln ha, with average yields at 5.08 mt/ha, according to the Economy Ministry. The corn harvest reached 22.5 mmt, down from 24.2 mmt a year earlier.

By Dec. 1, winter grains in Ukraine had been sown on 5.4 mln ha, or 100% of the planned area, compared with 5.1 mln ha (98%) a year earlier, the ministry said.

From Dec. 10, Russia’s export tax on wheat will be set at zero, compared with 8.9 rub/mt a week earlier, according to the Agriculture Ministry.

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