SovEcon: Russian and global grain market news – October 30, 2025

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

U.S. grain futures continued to rise on Wednesday. December SRW wheat closed at $5.32/bu ($196/mt; +0.6% from Tuesday). December HRW wheat rose to $5.23/bu ($192/mt; +0.5%). December Euronext wheat settled at €192.00/mt ($223/mt; -0.1%). December U.S. corn increased to $4.34/bu ($171/mt; +0.5%).

China pledged to buy a “tremendous” amount of U.S. soybeans, U.S. President Donald Trump said following his meeting with Chinese President Xi Jinping in South Korea. According to Trump, purchases would begin immediately, though no specific volumes were disclosed.

From October 1 to 29, Ukraine exported 2.3 mmt of grain, down from 3.7 mmt a year earlier, according to the country’s Economy Ministry. Total grain exports since the start of the season reached 9.0 mmt, compared to 14.1 mmt a year ago.

More Articles for You

Saudi Arabia Cancels Wheat Tender as Prices Surge

The absence of competitive Black Sea wheat is starting to disrupt international tenders, according to the latest SovEcon report. Saudi …

Russian Wheat Exports Start 2026/27 at Half Last Year’s Pace

Russian wheat exports are expected to remain around 2.0 mmt in September, compared with 4.6 mmt a year earlier, according …

Russia May Suspend Wheat Export Duty

Russia is likely to suspend its floating grain export duties through the end of 2026. The Agriculture Ministry is preparing …

Russian Wheat Exports Set for Lowest August Since 2010

Russian wheat exports are set to fall sharply in August as disruptions at key Black Sea ports continue to restrict …

August Wheat Exports Could Be Lowest Since 2016/17

Black Sea disruptions and weak demand weigh on shipments

Russia wheat exports in July lowest since 2017/18

Russian wheat exports totaled an estimated 1.6 mmt in July, the lowest for the month since 2017/18, according to a …