Andrey Sizov
10.11.2025
December SRW wheat futures fell to $5.28/bu ($194/mt; -1.5% from Thursday). December HRW wheat in Kansas dropped to $5.19/bu ($191/mt; -0.6%). Euronext December wheat settled at €191.50/mt ($221/mt; -0.3%). December U.S. corn futures declined to $4.27/bu ($168/mt; -0.3%).
The FAO Food Price Index dropped to 126.4 points in October from 128.5 in September. The cereals subindex fell to 103.6 points from 104.9 a month earlier.
In its November update, FAO raised its 2025 global grain production forecast by 18.5 mmt to 2 989.6 mmt. The wheat production forecast was increased by 9.5 mmt to 819.2 mmt.
China reinstated soybean import licenses for U.S. firms CHS, Louis Dreyfus, and EGT. The licenses had been revoked in March amid rising tensions with the Trump administration.
As of November 6, Ukrainian farmers harvested 43.6 mmt of grain (vs. 49.9 mmt a year earlier) from 9.3 mln ha (10.4 mln ha) with an average yield of 4.69 mt/ha (4.80 mt/ha), according to the Ministry of Economy. Corn harvest totaled 13.7 mmt (vs. 20.2 mmt).
As of November 3, winter grains were sown on 4.8 mln ha (89% of the plan) vs. 4.9 mln ha (95%) a year earlier, according to the Ministry of Economy of Ukraine.
Algeria’s OAIC will hold a tender on November 11 to purchase a nominal 50 tmt of wheat for delivery to the shallow-water ports of Mostaganem and Tenes.
Starting November 12, Russia’s wheat export tax will increase to 185.5 rub/mt from 76.0 rub/mt a week earlier, the Agriculture Ministry reported.
