World market - Grain and Winter Crops Market: Overview and Trends - Incubator

Russia seeks to finalize outstanding agreements on the grain deal by July 18th. New contacts and consultations are possible. Russia demands the launch of the ammonia pipeline, acknowledging the difficulties. The completion of the deal depends on the UN.

Prices for commodities on CBOT and KCBT exchanges changed on 27.06.25:

• Corn on CBOT - 417.50 ¢/bsh (+8.00)
• Soft wheat on CBOT - 524.75 ¢/bsh (+3.75)
• Hard wheat on KCBT - 516.00 ¢/bsh (-2.25)
• Hard red spring wheat on MGE - 608.00 ¢/bsh (+1.25)
• Oats on CBOT - 385.25 ¢/bsh (+20.00)
• Rough rice on CBOT - 13.10 usd/cwt (+0.06)

Grain prices on 26.06.25: corn on CBOT - 409.50 ¢/bsh, wheat SRW - 521.00 ¢/bsh, wheat HRW KCBT - 518.25 ¢/bsh, wheat HRS MGE - 606.75 ¢/bsh, oats on CBOT - 365.25 ¢/bsh, rough rice CBOT - 13.04 usd/cwt.

The import limit for rice from Vietnam to Russia in 2025 will increase by 1.6% to 7403 tons. Belarus is expected to decrease by 0.6% to 2447 tons. The quota for Armenia will decrease to 150 tons. Kazakhstan and Kyrgyzstan do not use the quota. The total limit in the EAEU is 10,000 tons of long-grain rice.

Putin has offered Turkey 1 million tons of grain for processing and shipment to countries in need. The deal could be financed by Qatar. Russia sees this as an alternative to the Black Sea deal, as its activity has been suspended. Discussions are also underway regarding the transportation of military cargo to Ukraine.

Tunisia is interested in increasing grain purchases from Russia. The Head of the Russian Foreign Ministry, Sergey Lavrov, noted readiness to provide support. The President of Tunisia also expressed interest. Harvests in Russia are high, allowing to meet the demand for exports.

Grain prices on exchanges on June 10, 2025:

Corn (CBOT): 438.75 ¢/bsh (+5.25)

Wheat SRW (CBOT): 534.50 ¢/bsh (-7.50)

Wheat HRW (KCBT): 527.25 ¢/bsh (-10.25)

Wheat HRS (MGE): 613.25 ¢/bsh (-9.25)

Oats (CBOT): 370.00 ¢/bsh (-10.25)

Rough rice (CBOT): 13.72 usd/cwt (+0.10)

Grain prices on exchanges: corn at CME rose to 438.50 ¢/bsh, SRW wheat - 536.00 ¢/bsh, HRW - 536.75 ¢/bsh, HRS - 618.00 ¢/bsh, oats - 384.75 ¢/bsh, rough rice - 13.18 usd/cwt.

Egypt has purchased 6 batches of wheat at a GASC auction, including 5 batches of Russian wheat. The price reached $265 per ton with deferred payment and delivery in March.

The share of Russian wheat purchases in Egypt reached 66% in the 2023/2024 season, increasing by 11.5%.

On the exchanges on May 23, 2025:

Corn decreased by 3.50 ¢ to 459.50 ¢/bsh,

SRW wheat dropped by 2.00 ¢ to 542.50 ¢/bsh,

HRW wheat decreased by 1.25 ¢ to 538.75 ¢/bsh,

HRS wheat increased by 6.25 ¢ to 606.50 ¢/bsh,

Oats decreased by 4.50 ¢ to 354.75 ¢/bsh,

and rough rice rose by 0.26 usd/cwt to 13.17 usd/cwt.

Grain prices on May 22, 2025:

Corn on CBOT - 463.00 ¢/bsh (+2.00);

Wheat SRW on CBOT - 544.50 ¢/bsh (-4.75);

Wheat HRW on KCBT - 540.00 ¢/bsh (-0.50);

Wheat HRS on MGE - 600.25 ¢/bsh (-4.00);

Oats on CBOT - 359.25 ¢/bsh (-0.25);

Rough rice on CBOT - 12.91 USD/cwt (-0.24).

Rosselkhoznadzor issued a certificate for the vessel Wadi Safaga with wheat destined for Egypt at the request of GASC.

Documents have been obtained for two vessels, one of which has already departed from the port.