Andrey Sizov
16.03.2026
Grain futures rose on Friday. May SRW wheat settled at $6.14/bu ($225/mt; +2.5% vs. Thursday). May HRW wheat jumped to $6.30/bu ($231/mt; +2.7%). May Euronext wheat closed at €210.50/mt ($240/mt; +0.6%). May U.S. corn climbed to $4.67/bu ($184/mt; +1.0%).
Gross output of grains and pulses in Russia’s Southern Federal District is forecast at 30.0 mmt in 2026, presidential envoy to the district Vladimir Ustinov said. Rosstat put the region’s 2025 crop at 29.1 mmt. Ustinov’s forecast reflects favorable weather conditions in the region.
Brazil’s crop agency Conab cut its estimate of the country’s corn production by 0.2 mmt to 138.3 mmt.
From March 18-24, Russia’s wheat export tax will be set at 135.4 rub/mt ($1.7/mt), the Agriculture Ministry said. The rate had been zero for nine straight weeks since the start of the year.
