SovEcon: Russian and global grain market news – October 14, 2025

Daily news and market insights from a leading firm focused on the Black Sea grain markets research

Grain futures continued to decline on Monday. December SRW wheat closed at $4.97/bu ($182/mt; −0.4% from Friday). December HRW wheat in Kansas fell to $4.81/bu ($177/mt; −0.4%). December Euronext wheat settled at €189.00/mt ($219/mt; −0.1%). December US corn dropped to $4.11/bu ($162/mt; −0.6%).

Saudi Arabia’s General Food Security Authority (GFSA) said Monday it purchased about 500,000 mt of wheat from Saudi investors abroad, with delivery scheduled for January–April 2026. According to GFSA, this is the second wheat purchase from investors in 2025. On October 6, GFSA purchased 455,000 mt of wheat in an international tender.

China’s National Development and Reform Commission said the 2026 grain import quotas will remain unchanged from 2025. The wheat quota will be set at 9.6 mmt and the corn quota at 7.2 mmt.

Algeria’s state grain agency OAIC has launched an international tender to purchase a nominal 50,000 mt of durum wheat of optional origin for delivery in November–December, European traders said. The deadline for submissions is October 15.

As of October 13, Ukraine had sown 3.1 mln ha of winter grains, down from 3.7 mln ha a year earlier, according to the Economy Ministry.

As of October 13, Kazakhstan had harvested 15.1 mln ha of grains out of a planned 16.0 mln ha, with total output at 24.6 mmt.

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