Andrey Sizov
02.03.2026
Grain futures rose on Friday. May SRW wheat settled at $5.91/bu ($217/mt; +3.0% vs. Thursday). May HRW wheat rose to $5.80/bu ($213/mt; +3.2%). May Euronext wheat closed at €201.50/mt ($238/mt; +1.9%). May U.S. corn climbed to $4.48/bu ($177/mt; +1.1%).
Rosstat published final 2025 Russian grain production data. Wheat crop totaled 91.1 mmt versus 82.6 mmt a year earlier. Barley output was 19.7 mmt versus 16.7 mmt, and corn 14.8 mmt versus 14.0 mmt. Total grain output was 141.2 mmt versus 125.9 mmt a year earlier.
Indonesia’s Agriculture Ministry said the country’s corn production in 2026 could rise to 18 mmt from 16 mmt a year earlier. Higher output could curb imports, which in recent years have hovered around 1.2 mmt.
Russia’s wheat export tax will remain at zero for an eighth straight week from March 4-11, the Agriculture Ministry said.
With volatility returning and geopolitical uncertainty rising, understanding Black Sea wheat and corn supply dynamics is critical ahead of the 2026 harvest cycle. Join our webinar on March 3 hosted by Andrey Sizov, a leading Black Sea grain market analyst, for traders, merchandisers, funds, processors and risk managers exposed to regional supply risk.
