Andrey Sizov
28.01.2026
On Tuesday, U.S. wheat futures rose. March SRW wheat settled at $5.23/bu ($192/mt; +0.2% vs. Monday). March HRW wheat rose to $5.33/bu ($196/mt; +0.6%). March Euronext wheat settled at €187.25/mt ($225/mt; -0.9%). March U.S. corn slipped to $4.26/bu ($168/mt; -0.4%).
In Argentina, hot and dry weather is expected in the coming days, with temperatures reaching 40C (104F), Reuters reported. Analysts surveyed by the agency said the heat and dryness could hurt corn crops.
On Wednesday, Jan. 29, Tunisia’s ODC is set to hold a tender for 100 tmt of soft wheat and 100 tmt of durum wheat for shipment in March-April. In December, ODC bought 125 tmt of soft wheat at $256-257/mt C&F and 100 tmt of durum at $318-320/mt C&F.
At the Grains and Pulses Forum, Bahaa El-Ghanam, executive director of Egypt’s Future of Egypt Authority for Sustainable Development, met Russian Agriculture Minister Oksana Lut to discuss cooperation in strategic commodities, particularly wheat. Egyptian officials said the talks covered mechanisms to ensure regular Russian wheat imports and the potential registration of Russian firms on Egypt’s unified procurement platform to streamline purchases.
From July 1 to Jan. 23, the EU exported 12.4 mmt of soft wheat, unchanged from a year earlier, according to European Commission data. Export figures for Poland, Bulgaria and Ireland are incomplete, Commission analysts said.
From Jan. 1 to Jan. 26, Ukraine exported 2.6 mmt of grain, unchanged from the level as of Jan. 27, 2025, according to the country’s Economy Ministry. Total exports so far this season reached 18.2 mmt versus 24.9 mmt a year earlier.
SovEcon raised its forecast for Russian wheat exports in the 2025/26 season by 1.1 million metric tons (mmt) to 45.7 mmt, compared with 40.8 mmt a year earlier and a five-year average of 42.2 mmt. The forecast was revised amid strong export activity in recent months, as well as relatively high official crop figures.
