Andrey Sizov
10.09.2025
Grain futures declined on Tuesday. The December SRW wheat contract closed at $5.20/bu ($191/mt; -0.6% from Monday). The December HRW wheat contract fell to $5.10/bu ($187/mt; -1.4%). The December Euronext wheat contract settled at €188.75/mt ($221/mt; -1.2%). The December U.S. corn contract dropped to $4.20/bu ($165/mt; -0.5%).
Ukraine’s winter planting area for 2026 is projected at 5.43 mln ha, up from 5.24 mln ha a year earlier, according to data from the Economy Ministry. The forecast for winter wheat area is 4.78 mln ha, compared with 4.50 mln ha in 2025.
APK-Inform raised its Ukrainian wheat production estimate to 21.9 mmt, up from 19.7 mmt a month earlier. The corn production forecast was raised to 30.3 mmt from 27.5 mmt.
Between July 1 and September 7, the EU exported 3.2 mmt of soft wheat, down from 5.1 mmt a year earlier, according to European Commission data. Export figures for France, Bulgaria, and Ireland remain incomplete, analysts cautioned.
Last week, FOB prices for 12.5% protein wheat fell by $4 to $228–230/mt, the lowest since early July. Russian export prices declined on weaker domestic prices, high supply, and sluggish demand.
