Andrey Sizov
13.10.2025
Grain futures declined Friday. December SRW wheat closed at $4.98/bu ($183/mt; −1.6% from Thursday). December HRW wheat in Kansas fell to $4.83/bu ($177/mt; −1.3%). December Euronext wheat settled at €189.25/mt ($220/mt; −0.7%). December US corn dropped to $4.13/bu ($163/mt; −1.2%).
On Friday, President Trump said he would impose an additional 100% tariff on Chinese imports starting November 1, on top of the existing 30%, in response to China’s new export control measures. He added the tariffs could be implemented earlier “depending on any further actions or changes taken by China”.
Farmers in Russia’s Novosibirsk region resumed harvest after recent snowfalls, regional agriculture minister Andrey Shindelov said. According to him, no harvesting had been conducted for five days.
Tunisia’s state grain agency purchased 100,000 mt of soft wheat of optional origin in a tender on Friday, European traders said. The entire volume was reportedly bought from Bunge at $254.58/mt C&F.
Starting October 15, Russia’s wheat export tax will be reduced to 318.6 rub/mt from 493.4 rub/mt a week earlier, the Russian Agriculture Ministry reported.
As of October 10, Ukraine had exported 7.2 mmt of grain in the 2025/26 season, including 0.5 mmt in October, according to the Economy Ministry. A year ago, exports totaled 11.7 mmt, including 1.3 mmt in October.
As of October 9, Ukrainian farmers had harvested 33.0 mmt of grain compared to 40.2 mmt a year earlier, including 3.5 mmt of corn versus 10.6 mmt.
