Andrey Sizov
19.03.2026
Grain futures reversed higher on Wednesday. May SRW wheat settled at $6.04/bu ($222/mt; +2.5% vs. Tuesday). May HRW wheat rose to $6.26/bu ($230/mt; +3.2%). May Euronext wheat closed at €207.50/mt ($238/mt; +1.1%). May U.S. corn climbed to $4.63/bu ($182/mt; +2.0%).
The European association COCERAL cut its forecast for EU soft wheat production in 2025/26 by 1.3 mmt to 142.6 mmt. A year earlier, the crop totaled 148.7 mmt on strong yields. COCERAL raised its forecast for total grain production by 2.1 mmt to 298.8 mmt versus 310.5 mmt a year earlier.
Kazakhstan’s grain and flour exports from Sept. 1 to March 18 totaled 8.9 mmt, the country’s Agriculture Ministry said. Over the same period a year earlier, Kazakhstan shipped 7.9 mmt.
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.
