SovEcon: Russian and global grain market news – October 16, 2025

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

Wheat futures were mostly flat on Wednesday. December SRW wheat closed at $4.99/bu ($183/mt; -0.3% from Tuesday). December HRW wheat in Kansas held at $4.88/bu ($179/mt; unchanged). December Euronext wheat settled at €190.00/mt ($221/mt; -0.3%). December US corn rose to $4.17/bu ($164/mt; +0.9%).

Jordan’s Ministry of Industry and Trade issued a new international tender to buy up to 120,000 mt of wheat of optional origin for delivery in January–February 2026, traders said. The deadline for bids is October 21. In the previous tender on Tuesday, 60,000 mt were purchased.

Russian Agriculture Minister Oksana Lut confirmed the country’s 2025 grain crop forecast at 135 mmt, including 90 mmt of wheat, during a meeting with President Vladimir Putin. The grain export potential is estimated at 50 mmt.

As of October 16, Kazakhstan had harvested 15.5 mln ha of grain out of the planned 16.0 mln ha, with total output at 25.9 mmt.

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