Andrey Sizov
28.11.2025
On Thursday U.S. exchanges were closed for the Thanksgiving holiday. March Euronext wheat futures settled at €190.50/mt ($221/mt; +0.1%).
The Buenos Aires Grain Exchange raised its forecast for Argentina’s 2025/26 wheat crop by 1.5 mmt to 25.5 mmt on the back of high yields. If realized, this would be a record crop, well above last year’s 18.6 mmt.
As of Nov. 26, Argentina’s wheat harvest was 34% complete, down from 39% a year earlier, according to the Buenos Aires Grain Exchange (BAGE).
Corn planting in Argentina had reached 39% by Nov. 26 versus 41% a year ago, BAGE said. All corn fields were rated in normal or excellent condition, compared with 97% a year earlier.
In France, winter wheat had been sown on 98% of planned area as of Nov. 24, compared with a five-year average of 94%, FranceAgriMer reported. The share of crops in good or excellent condition slipped by 1 percentage point on the week to 97%, up from 87% a year earlier.
Russian farmers are selling grain and oilseeds at a record pace, likely reflecting a difficult financial situation, SovEcon said in a report.
