Andrey Sizov
06.03.2026
On Thursday, grain futures surged. May SRW wheat settled at $5.84/bu ($214/mt; +2.7% vs. Wednesday). May HRW wheat rose to $5.92/bu ($218/mt; +3.5%). May Euronext wheat closed at €202.00/mt ($232/mt; +1.3%). May U.S. corn climbed to $4.53/bu ($179/mt; +2.2%).
StatsCan in its March report pegged Canada’s 2026 wheat area at 10.8 mln ha (26.7 mln acres), versus the market view of 10.7 mln ha (26.4 mln acres) and 10.9 mln ha (27.0 mln acres) a year earlier.
For the week ended Feb. 26, U.S. exporters sold 2.2 mmt of corn, above market expectations of 0.6-1.6 mmt, USDA data showed. Wheat sales totaled 0.2 mmt versus expectations of 0.2-0.5 mmt.
As of March 4, Argentina’s corn harvest was 7.2% complete versus 6.7% a year earlier, according to the Buenos Aires Grain Exchange. About 55% of the crop was rated good or excellent, up from 44% a week earlier and 51% a year ago.
In France, the share of soft wheat rated good or excellent held at 84% as of March 2 (unchanged WoW) after two weeks of declines, FranceAgriMer data showed. The figure was 74% a year earlier.
By the end of last week, average prices for Russian wheat with 12.5% protein in European Russia rose by 175 rubles to 13,400 rubles/mt ($175/mt), according to SovEcon price monitoring. This is the highest ruble-denominated level since late November, when quotations stood at 13,550 rubles/mt ($172/mt). Prices strengthened amid improved demand from exporters and processors, as well as limited supply.
