Andrey Sizov
13.11.2025
Grain futures were steady to higher on Wednesday. December SRW wheat settled at $5.36/bu ($197/mt; unchanged from Tuesday). December HRW wheat rose to $5.25/bu ($193/mt; +0.3%). December Euronext wheat closed at €190.25/mt ($221/mt; +0.5%). December U.S. corn rose to $4.35/bu ($171/mt; +0.7%).
The Rosario Board of Trade raised its estimate for Argentina’s wheat production to 24.5 mmt from 23.0 mmt, which would mark the highest output on record.
Chinese purchases of U.S. soybeans have stopped two weeks after talks between Xi Jinping and Donald Trump, Bloomberg reported, citing traders familiar with the matter. Earlier, Beijing had pledged to buy 12 mmt of soybeans by the end of the year.
China’s COFCO signed a deal to purchase 20 mmt of Brazilian-origin agricultural products—including soybeans, soybean oil, and palm oil—worth $10 billion.
Tunisia’s state agency ODC will hold an international tender on November 13 to buy 125,000 mt of soft wheat and 120,000 mt of durum wheat of optional origin for December–January shipment.
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.
