Andrey Sizov
04.03.2026
On Tuesday, most grain futures were higher. May SRW wheat settled at $5.74/bu ($211/mt; -0.6% vs. Monday). May HRW wheat rose to $5.78/bu ($212/mt; +0.6%). May Euronext wheat closed at €203.25/mt ($236/mt; +1.0%). May U.S. corn rose to $4.46/bu ($176/mt; +0.2%).
In March, the European Commission cut its forecast for 2025/26 EU soft wheat exports by 1.0 mmt from January to 28.5 mmt. It raised its ending stocks forecast by 1.4 mmt to 14.4 mmt.
Australia’s ABARES raised its estimate for 2025/26 wheat production by 0.40 mmt from December to 35.99 mmt. Output is 6% above the five-year average but remains well below the record 40.55 mmt in 2022/23.
Shipments of Russian wheat to Iran were suspended amid fighting in the Middle East, Reuters reported, citing traders familiar with the matter. They said most deliveries have already been completed, and shipments will resume when possible.
From July 1 to March 1, the EU shipped 15.8 mmt of soft wheat versus 14.4 mmt over the same period last season, European Commission data showed. Export figures for Poland, Bulgaria and Ireland are incomplete.
