Andrey Sizov
08.10.2025
U.S. grain futures declined on Tuesday. December SRW wheat closed at $5.07/bu ($186/mt; -1.2% from Monday). December HRW wheat fell to $4.92/bu ($181/mt; -0.7%). December Euronext wheat settled at €187.75/mt ($220/mt; unchanged). December U.S. corn slipped to $4.20/bu ($165/mt; -0.5%).
Bangladesh’s government approved the purchase of 220 tmt of U.S. wheat at $308/mt. A similar volume was bought in late July at $302.75/mt.
A snow cover has formed over 80% of Russia’s Asian territory, said Roman Vilfand, scientific director of the Russian Hydrometeorological Center. He noted that cold air masses from the north are bringing frigid weather to the entire Asian part of the country this week. As of early October, wheat harvest was 70% complete in the Urals and 80% in Siberia.
According to analysts polled by Reuters, U.S. corn harvest was 29% complete, up from 18% a week earlier. The share of crops rated good-to-excellent was 65%, down from 66% last week. Official USDA figures are unavailable due to the government shutdown.
Analysts estimate that 50% of the U.S. winter wheat crop has been planted, compared to 34% a week earlier.
From October 1–6, Ukraine exported 0.2 mmt of grain, down from 1.3 mmt a year earlier, according to the country’s Ministry of Economy. Season-to-date shipments totaled 6.7 mmt, compared to 11.7 mmt last year.
Between July 1 and October 5, the EU exported 5.0 mmt of soft wheat, down from 6.6 mmt last year, the European Commission reported. Analysts noted that figures for France, Bulgaria, and Ireland remain incomplete.
Last week, Russian 12.5% wheat bids in deep-sea ports fell to 16,500–16,800 rub/mt from 16,800–17,000 rub/mt a week earlier, according to SovEcon’s price monitoring. This is the first decline in bids since late August. Prices dropped amid a stronger ruble and weak wheat demand in Russia’s non-southern regions.
