SovEcon: Russian and global grain market news – October 27, 2025

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

Wheat futures were mostly stable on Friday. December SRW wheat closed at $5.12/bu ($188/mt; -0.1% from Thursday). December HRW wheat rose to $5.01/bu ($184/mt; +0.3%). December Euronext wheat settled at €190.25/mt ($221/mt; +0.3%). December U.S. corn fell to $4.23/bu ($167/mt; -1.1%).

Acting Governor of the Omsk region Dmitry Ushakov signed a decree declaring a state of emergency due to early snowfall and the loss of crops on more than 100 ha.

Turkey’s wheat production will decline to 17.9 mmt in 2025 (-13.9% YoY), according to national agency TurkStat. Barley output is expected to fall by 25.9% to 6.0 mmt.

The first shipment of U.S. wheat purchased by Bangladesh under a memorandum of understanding arrived at Chittagong port late last week, the country’s food ministry reported. A total of 57 tmt out of the 440 tmt purchased in recent months has been delivered.

As of October 23, Ukrainian farmers had harvested 37.6 mmt of grain (vs 42.1 mmt a year ago) from 8.4 mln ha (9.8 mln ha) with an average yield of 4.47 mt/ha (4.62 mt/ha), according to the Ministry of Economy. Corn harvest totaled 7.7 mmt (vs 15.4 mmt).

As of October 20, Ukraine had planted 3.8 mln ha of winter grains (70% of the plan), compared to 4.3 mln ha (83%) a year earlier.

Starting October 29, Russia’s wheat export duty will rise to 167.7 rub/mt from 99.1 rub/mt the previous week, the Agriculture Ministry reported.

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