Andrey Sizov
24.09.2025
On Tuesday, grain prices rose. December SRW wheat closed at $5.20/bu ($191/mt; +1.9% vs. Monday). December HRW wheat climbed to $5.11/bu ($188/mt; +1.8%). December Euronext wheat settled at €190.00/mt ($224/mt; +0.5%). December U.S. corn rose to $4.26/bu ($168/mt; +1.1%).
The European crop monitoring agency MARS lowered its EU corn yield forecast to 6.88 mt/ha from 6.93 mt/ha in August and below the five-year average of 7.10 mt/ha. The revision reflects prolonged hot and dry weather across southeastern Europe.
Algeria’s OAIC purchased about 500 tmt of soft wheat at $259–261/mt (C&F), according to European traders. Black Sea countries were reported to be the main suppliers.
The USDA reported U.S. exporters sold 123 tmt of corn to Mexico for delivery in both the current and next marketing years.
Between September 1 and 22, Ukraine exported 1.6 mmt of grain, down from 2.3 mmt a year ago, according to the Ministry of Economy. Total grain exports since the start of the season reached 5.8 mmt, compared to 9.8 mmt last year.
From July 1 to September 21, the EU shipped 4.1 mmt of soft wheat, down from 6.1 mmt a year earlier, the European Commission reported. Analysts noted that data from France, Bulgaria, and Ireland remain incomplete.
Export prices for Russian 12.5% protein wheat rose by $1.5 to $228–229/mt FOB, according to SovEcon’s price monitoring. Before that, Russian wheat prices had been declining for four straight weeks. Prices were supported by limited wheat supply, a stronger ruble, and global market conditions.
