Andrey Sizov
06.11.2025
U.S. grain futures rose on Wednesday. December SRW wheat closed at $5.55/bu ($204/mt; +0.8% compared to Tuesday). December HRW wheat settled at $5.40/bu ($198/mt; +0.7%). December Euronext wheat ended at €194.25/mt ($223/mt; -0.3%). December U.S. corn rose to $4.35/bu ($171/mt; +0.9%).
China purchased 120 tmt of U.S. wheat following the meeting between Donald Trump and Xi Jinping, Reuters reported, citing traders familiar with the matter. One cargo of soft white wheat and one of spring wheat are scheduled for delivery in December.
China will remove tariffs on U.S. imports, including most agricultural goods, Reuters reported, citing official sources. However, 13% tariffs on soybeans remain in place, the agency noted.
Bangladesh’s largest soybean crushers will purchase about 1 mmt of soybeans from the U.S. next year, U.S. Agriculture Secretary Brooke Rollins said. Last season, the U.S. shipped 0.9 mmt of soybeans to Bangladesh; in the previous calendar year, 0.7 mmt.
Russia’s grain export quota for 2026 may be set at 20 mmt, according to a draft protocol from a Government Commission meeting. The quota would be in effect from February 15 to June 30, while a 50% export duty would apply outside that period.
Due to adverse weather, 540 tmt of grain on 150K ha remains unharvested in Omsk region, said regional Agriculture Minister Nikolay Drofa. With colder weather and precipitation expected soon, harvesting may be postponed until spring.
