Andrey Sizov
16.01.2026
On Thursday, U.S. grain futures declined. Chicago SRW wheat for March settled at $5.10/bu ($188/mt; -0.4% from Wednesday). Kansas City HRW wheat for March slipped to $5.17/bu ($190/mt; -1.0%). Euronext wheat for March settled at €189.25/mt ($220/mt; +0.3%). U.S. corn for March fell to $4.20/bu ($165/mt; -0.4%).
The International Grains Council in January raised its forecast for global wheat production in 2025/26 by 12 mln t to 842 mln t, mainly on higher estimates for Argentina, Canada and Russia. The forecast for global corn production was raised by 15 mln t to 1,313 mln t on improved crop prospects in the U.S. The forecast for wheat ending stocks was raised by 8 mln t to 275 mln t, and corn ending stocks by 5 mln t to 305 mln t.
Argentina has completed its wheat crop with a record 27.8 mln t, the Buenos Aires Grain Exchange said. The final figure matched the exchange’s December forecast.
Argentina’s corn planting was 92% complete as of Jan. 14, down from 95% a year earlier, the Buenos Aires Grain Exchange said. The exchange rated 95% of the crop as normal-to-excellent, down from 99% a week earlier but slightly above 94% a year ago. Crop conditions deteriorated slightly amid dry weather.
SovEcon estimates Russia will ship 3.0–3.4 million metric tons (mmt) of wheat in January, compared with 2.3 mmt a year earlier and a five-year average of 3.1 mmt. Russian wheat exports are expected to be above average due to strong competitiveness and revived demand from major importers.
