Andrey Sizov
06.10.2025
Grain prices were mostly steady on Friday. December SRW wheat closed at $5.15/bu ($189/mt; +0.1% vs. Thursday). December HRW wheat fell to $4.97/bu ($183/mt; -0.4%). December Euronext wheat closed at €187.75/mt ($220/mt; -0.1%). December U.S. corn dropped to $4.19/bu ($165/mt; -0.6%).
Dry weather in southern European Russia is raising concerns about winter crop planting, said Roman Vilfand, head of Russia’s Hydrometcenter. Rostov and Krasnodar, already hit by adverse weather earlier this year, could face the most challenges. However, timely rainfall could improve the situation, he noted.
The FAO Food Price Index declined to 128.8 points in September from 129.7 in August. The cereal price index dropped to 105.0 from 105.6 the previous month.
In October, the FAO raised its forecast for 2025 global grain production by 10.1 mmt to 2,971.1 mmt. The wheat output estimate was lifted by 4.8 mmt to 809.7 mmt, mostly due to improved outlook in Australia.
As of Oct. 2, Ukrainian farmers had harvested 31.5 mmt of grains (vs. 37.3 mmt a year earlier) from 7.4 mln ha (8.5 mln ha) with an average yield of 4.24 t/ha (4.37 t/ha), according to the Ministry of Economy. Wheat harvest was completed at 22.5 mmt (vs. 22.3 mmt in 2024). Corn output totaled 2.1 mmt (vs. 7.7 mmt).
According to Ukraine’s Ministry of Economy, as of Sept. 29, 1.4 mln ha (30% of the plan) had been planted with winter grains, compared with 1.7 mln ha (37%) a year earlier.
Starting Oct. 8, Russia’s wheat export tax will be reduced to 493.4 rub/mt from 617.7 rub/mt a week earlier, according to the Agriculture Ministry.
