Andrey Sizov
18.03.2026
Wheat futures extended losses on Tuesday. May SRW wheat settled at $5.90/bu ($217/mt; -1.3% vs. Monday). May HRW wheat fell to $6.07/bu ($223/mt; -1.6%). May Euronext wheat closed at €205.25/mt ($237/mt; -1.0%). May U.S. corn was unchanged at $4.54/bu ($179/mt).
Ukraine’s Economy Ministry said spring planting has begun. As of March 16, Ukraine planted 53 thousand ha of spring grains and pulses (4% of the projected area) versus 83 thousand ha (6%) a year earlier, the ministry said.
From July 1 to March 15, the EU shipped 16.8 mmt of soft wheat (+8% YoY) versus 15.5 mmt over the same period last season, European Commission data show. Export figures for Poland, Bulgaria and Ireland are incomplete.
From March 1-16, Ukraine exported 1.8 mmt of grain versus 2.3 mmt as of March 14, 2025, Economy Ministry data showed. Total shipments since the start of the season reached 24.2 mmt versus 31.5 mmt a year earlier.
SovEcon estimates Russian wheat exports in March at 3.8 mln t, compared with a five-year average of 3.1 mln t. February exports are estimated at 2.9 mln t, slightly below average. Russian wheat exports are accelerating amid improving competitiveness.
