Andrey Sizov
09.10.2025
Wheat futures were mostly flat on Wednesday. December SRW wheat closed at $5.07/bu ($186/mt; +0.1% from Tuesday). December HRW wheat rose to $4.93/bu ($181/mt; +0.2%). December Euronext wheat settled at €188.00/mt ($219/mt; +0.1%). December U.S. corn climbed to $4.22/bu ($166/mt; +0.6%).
The Rosario Board of Trade raised its estimate for Argentina’s 2025/26 wheat crop to 23 mmt from 20 mmt, citing high yields supported by abundant rainfall.
As of October 9, Kazakhstan had harvested 14.3 mln ha of grain out of a planned 16.0 mln ha, with total output reaching 22.7 mmt.
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.
