Andrey Sizov
22.01.2026
On Wednesday, U.S. grain futures fell. The March SRW wheat contract closed at $5.08/bu ($186/mt; -0.5% vs. Tuesday). The March HRW wheat contract slipped to $5.20/bu ($191/mt; -0.7%). The March Euronext wheat contract closed at €189.50/mt ($222/mt; unchanged). The March U.S. corn contract slipped to $4.22/bu ($166/mt; -0.5%).
Morocco’s High Commission for Planning forecasts the country’s 2026 grain crop at 8.0 mmt, up from 4.4 mmt a year earlier. Crop prospects improved after heavy rainfall late last year. Harvesting is set to begin in mid-spring.
USDA reported that exporters sold 150,000 mt of corn to Colombia and 195,000 mt to unknown destinations.
As of Jan. 14, the average price for fourth-grade food wheat (typically 12.0-12.5% protein content) in European Russia fell to 13,050 rubles per metric ton ($165/mt) from 13,150 rubles/mt ($168/mt) a week earlier and 13,250 rubles/mt ($172/mt) a month earlier, according to SovEcon’s report. This is the lowest price since July 2024, when wheat was priced at 12,900 rubles/mt ($146/mt). Wheat prices declined amid high supply in regions distant from ports and relatively weak demand.
