Andrey Sizov
31.07.2025
Grain markets were mixed on Wednesday. The September SRW wheat contract closed at $5.24/bu ($192/mt; -1.1% from Tuesday). The September HRW wheat contract rose to $5.22/bu ($192/mt; +0.7%). The September Euronext wheat contract settled at €198.25/mt ($226/mt; +0.8%). The September U.S. corn contract increased to $3.92/bu ($154/mt; +0.6%).
Russian farmers harvested about 50 mmt of grain, Agriculture Minister Oksana Lut said on July 30.
Farmers in Stavropol collected a record grain crop for the region, Governor Vladimir Vladimirov said. Grain and pulses, excluding corn, amounted to 10.3 mmt.
The government of Bangladesh purchased 220 tmt of wheat from the U.S. in an effort to ease tensions with the Trump administration amid ongoing tariff disputes.
SovEcon has raised its forecast for Russian wheat exports in the 2025/26 season by 0.4 million metric tons (mmt) to 43.3 mmt. SovEcon estimates that 40.8 mmt of wheat were shipped from Russia in 2024/25. Following a sluggish start, the center expects a seasonal acceleration in exports in the near term.
