Andrey Sizov
20.10.2025
US grain futures rose Friday. December SRW wheat increased to $5.04/bu ($185/mt; +0.2% from Thursday). December HRW wheat in Kansas closed at $4.91/bu ($181/mt; +0.6%). December Euronext wheat rose to €189.25/mt ($221/mt; +0.8%). December U.S. corn closed at $4.22/bu ($166/mt; +0.2%).
As of October 13, French corn harvest was 56% complete, up from 37% the previous week and above the five-year average of 50%, according to FranceAgriMer. About 60% of the crop was rated good or excellent, down from 62% the week before and 78% a year earlier.
Soft wheat had been planted on 27% of intended area in France, up from 5% a week earlier. A year ago, 10% had been planted by the same date; the five-year average is 22%, FranceAgriMer reported.
Emergency conditions were declared in two districts of Novosibirsk region and three districts of Omsk region due to a cold spell and heavy snow in early October.
A cold snap expected in Argentina’s key farming regions could negatively affect wheat yields, according to the Buenos Aires Grain Exchange. The exchange currently forecasts the crop at 22 mmt. Harvest will take place from November through January.
Russia’s wheat export tax will be reduced to 99.1 rub/mt from 318.6 rub/mt starting October 22, the Russian Agriculture Ministry reported.
As of October 17, Ukraine had exported 7.9 mmt of grain in the 2025/26 season, including 1.2 mmt in October, according to the country’s Economy Ministry. A year earlier, exports stood at 12.5 mmt, including 2.0 mmt in October.
As of October 20, Kazakhstan had harvested 26.3 mmt of grain from 15.7 mln ha, or 97.9% of the planned area.
