SovEcon: Russian and global grain market news – June 21, 2025

Daily news and market insights from a leading firm focused on the Black Sea grain markets research

Grain futures declined on Friday. September SRW wheat closed at $5.83/bu ($214/mt; -1.2% from Thursday). September HRW wheat fell to $5.79/bu ($213/mt; -1.3%). September Euronext wheat ended at €208.00/mt ($240/mt; -0.5%). September U.S. corn dropped to $4.25/bu ($168/mt; -0.8%).

The Russian wheat export tax will decrease to 248.3 rub/mt ($3/mt) from 566.0 rub/mt ($7/mt) as of June 25, the Ministry of Agriculture reported.

Omani company Salalah Mills signed an agreement with Russia to import 110,000 mt of wheat for shipment in July–August.

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