Andrey Sizov
12.11.2025
Wheat futures were steady to lower on Tuesday. December SRW wheat settled at $5.36/bu ($197/mt; +0.1% from Monday). December HRW wheat fell to $5.24/bu ($192/mt; -0.6%). December Euronext wheat closed at €189.25/mt ($219/mt; -0.8%). December U.S. corn rose to $4.32/bu ($170/mt; +0.6%).
As of November 11, Russia had harvested 140 mmt of grain in bunker weight, said Deputy Prime Minister Dmitry Patrushev.
From July 1 to November 9, the EU exported 8.4 mmt of soft wheat, down from 8.7 mmt a year earlier, according to European Commission data. Analysts caution that grain export figures from France, Bulgaria, and Ireland are incomplete.
From November 1 to 10, Ukraine exported 0.7 mmt of grain, compared to 0.9 mmt as of November 8, 2024, according to data from the country’s economy ministry. Season-to-date exports amounted to 10.0 mmt versus 15.3 mmt by the same date last year.
Algeria’s OAIC purchased an undisclosed volume of wheat at $263–264/mt C&F for delivery to the port of Mostaganem and $270–271/mt C&F for the port of Tenes.
Average prices for Russian 12.5% protein wheat in the European part of the country fell by 150 rub to 13,700 rub/mt last week, according to SovEcon’s price monitoring. This marks a new low for 2025 and the lowest level since August 2024. The decline was driven by high supply of the new crop in non-southern regions.
