Leonid
10.03.2026
On Monday, U.S. grain futures fell. May SRW wheat settled at $6.03/bu ($222/mt; -2.2% vs. Friday). May HRW wheat fell to $6.20/bu ($228/mt; -2.0%). May Euronext wheat closed at €209.75/mt ($244/mt; +0.8%). May U.S. corn slipped to $4.54/bu ($179/mt; -1.5%).
The FAO food price index rose 0.9% in February from January to 125.3 points. The FAO cereal price index rose 1.1% month to month to 108.6 points.
In March, the FAO raised its 2025/26 global grain production forecast by 5.8 mmt to 3 028.8 mmt. The wheat production forecast was raised by 0.7 mmt to 835.4 mmt.
For the week ended March 5, U.S. wheat inspections totaled 0.50 mmt versus market expectations of 0.20-0.45 mmt, USDA data showed. Corn inspections were 1.52 mmt versus expectations of 1.10-1.25 mmt.
Algeria’s OAIC will hold a tender on March 11 for a nominal 50,000 mt of wheat for shipment in April-June to the shallow-water ports of Mostaganem and Tenes.
Tunisia’s ODC bought 100,000 mt of soft wheat at $272-$275/mt C&F and 50,000 mt of durum at $334-$335/mt C&F for April-May shipment in an international tender on March 6.
Russia’s wheat export tax will remain at zero for a ninth straight week from March 12-17, the Agriculture Ministry said.
