Andrey Sizov
18.02.2026
Grain futures fell on Tuesday. The March SRW wheat contract closed at $5.38/bu ($198/mt; -2.0% vs. Friday). March HRW wheat slipped to $5.39/bu ($198/mt; -0.7%). The March Euronext wheat contract closed at €190.50/mt ($226/mt; -0.5% vs. Monday). The March U.S. corn contract fell to $4.26/bu ($168/mt; -1.3% vs. Friday).
For the week ended Feb. 12, U.S. exporters shipped 1.5 mmt of corn, above market expectations of 0.9-1.3 mmt, USDA data showed.
Ukraine’s Deputy Economy Minister Taras Vysotsky said the recent peak cold snap will not have a critical impact on the new crop. He said the situation for winter crops remains under control.
As of Feb. 12, Brazil’s first-crop corn harvest was 22% complete, down from 29% a year earlier, AgRural said. Second-crop corn planting was 31% complete on the same date, versus 36% last year.
From July 1 to Feb. 15, the EU shipped 15.1 mmt of soft wheat, up from 13.6 mmt over the same period last season, European Commission data showed. Grain export figures for Poland, Bulgaria and Ireland are incomplete, EC analysts said.
In February, SovEcon raised its 2026/27 wheat crop forecast by 2.1 mln t to 85.9 mln t. In 2025, Russian farmers harvested 90.9 mln t of wheat. The forecast was revised up, reflecting better-than-average crop conditions, although the risk window remains ahead.
