Andrey Sizov
10.10.2025
U.S. grain futures declined on Thursday. December SRW wheat closed at $5.06/bu ($186/mt; -0.2% from Wednesday). December HRW wheat fell to $4.89/bu ($180/mt; -0.8%). December Euronext wheat settled at €190.50/mt ($220/mt; +1.3%). December U.S. corn dropped to $4.18/bu ($164/mt; -0.9%).
Russia’s grain export quota for 2026 may be increased compared to 2025 due to a larger crop, said Alexander Malov, head of the agricultural market regulation department at the Russian Ministry of Agriculture. In 2025, the wheat export quota was set at 10.6 mmt, while the quotas for barley and corn were set at zero.
Egypt’s Mostakbal Misr agency bought 32,000 mt of wheat from Kazakhstan, marking the country’s first wheat purchase from Kazakhstan in 15 years, Reuters reported, citing trade sources.
Tunisia’s grain agency ODC will hold a tender on October 10 to buy 100,000 mt of wheat for November–December delivery, European traders said.
Last week, Russian 12.5% wheat bids in deep-sea ports fell to 16,500–16,800 rub/mt from 16,800–17,000 rub/mt a week earlier, according to SovEcon’s price monitoring. This is the first decline in bids since late August. Prices dropped amid a stronger ruble and weak wheat demand in Russia’s non-southern regions.
