Grain and Winter Crops Market: Overview and Trends - Incubator

On July 14, 2025, grain prices look as follows:

Corn on CBOT rose to 412.75 ¢/bushel, Soft Red Winter Wheat (SRW) fell to 534.00 ¢/bushel, Hard Red Winter Wheat (HRW) on KCBT increased to 505.75 ¢/bushel, Hard Red Spring Wheat (HRS) on MGE decreased to 598.25 ¢/bushel, Oats on CBOT dropped to 348.75 ¢/bushel, Rough Rice on CBOT fell to 12.38 usd/cwt.

In the morning of July 15, 2025, in Russia, 1899 tons of wheat were sold at a price of 16368 rubles per ton. Trading on grain exchanges demonstrated a variety of prices and volumes of transactions based on different delivery points.

Global wheat prices have decreased, while corn prices have slightly increased. In Russia, the cost of wheat and barley has fallen, while the price of corn, on the contrary, has increased. Grain handling volume in the Russian Federation has decreased, but grain yields in the regions of the country exceed last year's data. Reduced export shipments of wheat are expected on the world market due to slowed harvesting and increasing competition.

Rosselkhoznadzor conducted control in the ports of Rostov region. 370,000 tons of grain and its processed products are ready for shipment. They are destined for Turkey, Lebanon, Israel, Egypt, Algeria, and Morocco with the respective documentation on quality and safety.

Russia is planning to increase the share of domestic seed production in agriculture to 75% within 8 years. Prime Minister Mishustin supports farmers by allocating additional funds for the development and support of the industry.

The preferential lending program will also be expanded to provide financing for operations and investments.

The report of the Deputy Prime Minister of the Russian Federation confirms the forecast for this year's grain harvest - around 135 million tons. Harvesting has already begun in 22 regions. Grain production in 2024 amounted to 125.9 million tons, including 82.6 million tons of wheat. The Ministry of Agriculture estimates this year's harvest at 129.8 million tons.

The President of Latvia supported the idea put forward by the Minister of Agriculture to discuss restricting the supply of Russian grain to the EU. The topics of the meeting also included a reduction in VAT on fruits and vegetables.

The President endorsed the idea of discussing restrictions on the import of grain from Russia while preserving transit.

Starting from July 16, 2025, the import tariffs on goods will change: tariffs on wheat and barley will remain at zero, while tariffs on corn will be reduced to 947.1 rubles per ton. The changes will come into effect after publication and will remain in force until new tariffs are established.

Sellers of Russian wheat doubt the need to provide discounts when selling grain to India due to rising prices. Exporters believe that current benefits are insufficient and may cause misunderstandings with other buyers. India is considering the possibility of purchasing 5 million tons of wheat at a discount.

Wheat from Kazakhstan has been shipped from the October platform to Xi'an, China. Kazakhstan has become a major grain supplier to the country, increasing its exports fourfold to 1.1 million tons. The company "Sino-Kazakh Trade and Logistics" is adding a new impetus to the cooperation between the two countries, planning to expand routes and diversify transportation.

Corn on the CBOT exchange decreased by 7.00 ¢/bsh to 411.00 ¢/bsh, SRW wheat rose to 543.00 ¢/bsh, HRW wheat on the KCBT exchange fell to 503.50 ¢/bsh, HRS wheat on the MGE exchange dropped to 613.00 ¢/bsh, oats on the CBOT exchange decreased to 395.50 ¢/bsh, while rough rice prices on the CBOT increased to 12.68 usd/cwt.

The branch of the Central Office for the Development of Agriculture in Voronezh has studied the grain of winter wheat collected in the Petropavlovsk district. The test weight of the grain exceeds 744 g/l, corresponding to the third grade. Protein content is 27-28%, transparency is between 45% and 47%. This wheat can be used for baking bread and making pasta.

It is planned to analyze the properties of wheat with a total volume of 3.31 million tons.