Andrey Sizov
12.03.2026
On Wednesday, grain futures rose. May SRW wheat settled at $5.95/bu ($218/mt; +0.6% vs. Tuesday). May HRW wheat rose to $6.13/bu ($225/mt; +0.8%). May Euronext wheat closed at €206.00/mt ($238/mt; +1.0%). May U.S. corn climbed to $4.60/bu ($181/mt; +1.8%).
FranceAgriMer cut its forecast for French soft wheat exports outside the EU by 0.1 mmt to 7.1 mmt. On the lower export outlook and revised 2025 crop results, it raised its estimate of ending stocks by 0.3 mmt to 3.4 mmt, the highest in more than 10 years.
India’s Agriculture Ministry pegged 2025/26 wheat production at 120.2 mmt versus 117.9 mmt a year earlier, the highest on record.
FOB prices for Russian wheat rose to $237/mt this week, according to SovEcon data, the highest level since $238/mt in August last year. Prices were supported by stronger futures and firmer export quotes from key competitors.
