Andrey Sizov
12.02.2026
On Wednesday, wheat futures rose. The March SRW wheat contract closed at $5.37/bu ($197/mt; +1.7% vs. Tuesday). March HRW wheat rose to $5.38/bu ($198/mt; +1.5%). The March Euronext wheat contract closed at €190.50/mt ($226/mt; +0.5%). The March U.S. corn contract slipped to $4.27/bu ($168/mt; -0.3%).
FranceAgriMer cut its forecast for French wheat exports outside the EU by 0.3 mln t to 7.2 mln t, citing competition from Argentina. It raised its forecast for France’s wheat ending stocks by 0.3 mln t to 3.1 mln t.
Ukraine’s corn harvest will continue through March, Deputy Economy Minister Taras Vysotskyi said. He estimated that about 5% to 7% of the area remains unharvested.
Analysts at Argentina’s Rosario exchange said rainfall over the next 10 to 15 days will be key for the country’s corn crop. The exchange is maintaining its corn production forecast at a record 62.0 mln t.
In January, SovEcon cut its forecast for Ukraine corn exports by 1.0 mmt to 25.8 mmt. This is above last year’s 21.9 mmt but well below the 29.4 mmt shipped in the 2023/24 season. The forecast was revised amid logistical problems.
