Grains, Seeds, Vegoils, Meals, Softs, Agri News
Feb 27 - Brazil to raise soy sales to China after record shipments in 2025, consultancy says
Brazil, which is reaping a record soy crop this year, may increase exports of the oilseed to China in 2026 amid lower Argentine shipments and in spite of stronger competition from U.S. farmers, an analyst at Hedgepoint Global Markets said on Thursday. Last year, lower U.S. soy sales to China allowed Brazil, the world's largest soybean producer and exporter, to ship 85.4 million metric tons to China, an 18% increase from 2024, according to Brazilian government data.
Feb 27 - Ukraine's grain deliveries to ports rise in February, railway says
Ukraine's grain deliveries to its Black Sea ports for export have risen by 2% so far in February compared with January, but volumes remain below February 2025 levels, state railway Ukrzaliznytsia said on Thursday. The railway said in a report it had delivered about 2 million metric tons of grain so far this month, down 1.4% from a year earlier.
Feb 27 - South Korea’s MFG tenders for up to 210,000 tons of corn, traders say
South Korea's Major Feedmill Group has issued an international tender to purchase up to 210,000 metric tons of animal feed corn, European traders said on Thursday. The corn is sought in three consignments of 55,000 to 70,000 tons.
Feb 26 - Egypt Urea Production Shuts Down As Israel-Iran Conflict Hits Gas Supply (ABG Direct)
In Egypt, gas supply issues have re-emerged, with urea production hit due to an interruption in gas flow from Israel following Israel’s strike on Iran, several suppliers confirmed today.
Most producers are understood to have stopped production from today, while some may be operating at lower rates. Details are not available.
Resumption in gas supply is expected once the situation deescalates.
Israel’s Prime Minister Benjamin Netanyahu stated today that strikes will continue “for as many days as it takes” to remove nuclear enrichment facilities, as US Secretary of State Marco Rubio urged the Iranian government not to respond.
Supply disruptions are expected to continue in the summer whenever there is extreme weather in Egypt, given the constraints on gas supply in the country despite increasing imports of liquified natural gas (LNG).
Egypt is ramping up its demand for LNG imports and swung back to being an LNG importer over the last year. It is already seeking a high number of cargoes this year, as well as planning further imports between now and 2028.
Egypt is understood to have reached agreements with several energy firms and trading houses to buy around 150 to 160 cargoes of liquefied natural gas (LNG), as it ramps up purchases to meet power demands despite strained government finances.
It is still not clear if the higher imports will curb power cuts and urea production issues in peak consumption months such as in the summer.
Feb 26 - EU & Romania: Rapeseed as a strategic response to the green pivot (UkrAgroConsult)
The European Union is accelerating its green transition by sharply reducing palm oil consumption and gradually reducing soy-based biodiesel use within renewable energy programs. Import duties on Chinese biodiesel became an additional driver of increased domestic EU oilseed crushing and enforcing demand for rapeseed oil.
This trend means that rapeseed is turning into strategically important raw oilseed. The EU now aims to increase domestic oilseed production, with Romania positioned as one of the biggest rapeseed suppliers. The growing Romanian rapeseed areas in 2026 could signal this trend.
At the same time, Ukraine continues increasing rapeseed oil supplies thanks to export duties and growing domestic crushing. However, for exports to the EU, reducing war and logistical risks remains a priority for the new 2026/27 season.
Feb 26 - Bulgaria & Ukrainian rapeseed: Development to pragmatic cooperation (UkrAgroConsult)
The Bulgarian rapeseed market remains politically sensitive. The Ukrainian rapeseed import ban is supported by strong farmer lobbying.
However, domestic production cannot fully meet the crushing demand. Bulgarian biodiesel plants, exporting their production to the EU market, but are facing considerable raw oilseed deficits. As seed imports fare under strict regulation, Bulgarian processors are increasingly turning to Ukrainian rapeseed oil to maintain their competitiveness.
Imports from distant origins lose competitiveness vs Ukrainian rapeseed in both price and logistics. GMO status remains a critical constraint for the EU market.
Ukraine, meanwhile, strengthened EU integration through certification, quality control, and expanded crushing capacity, improving confidence in stable production and supply.
Outlook for 2026/27: While tensions may rise at the start of the 2026/27 season due to political and pricing factors, the basic need for imported raw oilseed will continue.
Feb 26 - Ukrainian export prices for new rapeseed crop rise amid fears of smaller output, union says
Ukrainian export prices for new rapeseed crop rise amid fears of smaller output, union says Indicative export prices for Ukraine's 2026 rapeseed harvest have risen to $530-$540 per ton CPT July-August delivery from $510-$520 reported a month earlier, as weather problems could reduce the harvest, farmers' union UAC said on Wednesday. Ukraine, a major European rapeseed grower and exporter, harvested around 3.7 million tons of rapeseed in 2024. The harvest fell to 3.3 million tons in 2025, mostly due to unfavourable weather.
Feb 26 - Indonesia may struggle to deliver on new US farm import promises, traders say
Indonesia could struggle to meet its pledge for a significant ramp-up of U.S. agricultural imports under its new trade deal, traders said, with the burden of vastly increasing U.S. soymeal purchases falling on a state agency newly tasked to buy animal feed. Indonesia last week finalised a deal that lowers U.S. tariffs on its goods to 19% from 32%, with key commodities including palm oil, cocoa and rubber exempted from import duties.
Feb 26 - South Korea’s NOFI tenders to buy up to 138,000 metric tons corn
Leading South Korean feedmaker Nonghyup Feed Inc. has issued an international tender to purchase up to 138,000 metric tons of animal feed corn, European traders said. Leading South Korean feedmaker Nonghyup Feed Inc. has issued an international tender to purchase up to 138,000 metric tons of animal feed corn, European traders said. Arrival of the corn in South Korea is sought in two consignments of 45,000 to 69,000 tons, both in July with the seller free to decide the tonnage to be offered in this range.
Feb 25 - Limited shipments and strong rouble support Russian wheat export prices
Limited shipments and a strong rouble supported Russian wheat export prices last week, which approached those of Black Sea competitors, analysts said. The price of Russian wheat with 12.5% protein content for free-on-board delivery at the end of March was $233 a metric ton at the end of last week, unchanged from a week earlier, Dmitry Rylko, head of the IKAR consultancy, said.
Feb 25 - Ukraine grain sowing may be delayed by deeply frozen soil, chief forecaster says
Record low temperatures across most of Ukraine in February led to deep soil freezing, which could delay the start of the grain sowing campaign, the head of the agricultural department of the state meteorological centre was quoted as saying late on Monday. Tetiana Adamenko told Forbes Ukraine that the ground in some Ukrainian regions had frozen to a depth of about one metre, and slow thawing may delay sowing dates.
Feb 25 - EU 2025/26 soft wheat exports up 10% by February 22
European Union soft wheat exports since the start of the 2025/26 season in July had reached 15.38 million metric tons by February 22, compared to 15.11 million the previous week and up 10% from a year earlier, European Commission data showed on Tuesday. A breakdown of this season's volumes showed Romania was still the largest EU soft wheat exporter with 4.93 million tons exported so far, followed by France with 4.23 million tons, Poland with 1.75 million tons, Lithuania with 1.74 million tons, and Germany with 1.17 million tons.
Feb 25 - Algeria buys wheat in tender, talks to continue on Wednesday, traders say
Algeria's state grains agency OAIC has bought milling wheat in an international tender that closed on Tuesday, European traders said. Purchases were reported at around $259 and $260 a metric ton, cost and freight (c&f) included, they said. Earlier reports of trades at $257 were unconfirmed.
Feb 24 - Brazil's soy harvest at slowest pace since 2020/21, AgRural says
Brazilian farmers had harvested 30% of their 2025/26 soybean crop as of last Thursday, agribusiness consultancy AgRural said on Monday, up 9 percentage points from the previous week but below the 39% reported a year earlier. The pace is the slowest since 2020/21, AgRural said.
Feb 24 - Ukraine sees higher wheat, corn harvest and exports in 2025/26
Ukraine's wheat harvest may grow by 2.9% to 23.1 million metric tons in 2026 due to an increase in sowing acreage and despite a decline in yield, the UCAB agricultural lobby and the economy ministry said over the weekend. The sowing area has increased by 4.8% to 5.1 million hectares, but the expected 1.7% decline in yield may partially reduce production, UCAB and the ministry said in a joint report.
Feb 24 - South Korea’s KFA bought about 65,000 tons of corn, traders say
The Busan section of the Korea Feed Association (KFA) in South Korea purchased around 65,000 metric tons of animal feed corn in a private deal on Friday without issuing an international tender, European traders said on Monday. The corn can be sourced optionally from the United States, South America or South Africa and was bought at an estimated $245.40 a ton cost and freight (c&f) plus a $1.00 a ton surcharge for additional port unloading.
Feb 23 - After the Supreme Court last week struck down the U.S. administration’s signature tariffs,
President Donald Trump announced new across-the-board tariffs of 10 percent, hiked to 15 percent within hours, for goods imported into the U.S. This new global levy could last five months, while the administration looks for more durable workarounds.
The EU is crying foul, demanding the U.S. honor a deal the two sides approved last year, which set a 15 percent tariff rate for most EU goods, but allowed zero levy on some key ones. Trading partners need “full clarity,” EU officials said over the weekend. It’s also unclear what this means for Trump’s ongoing jockeying with Beijing. Some analysts estimate a new, 15 percent global tariff would effectively cut tariffs on Chinese goods by about 5 percentage points.
All to say that we are back to the topsy-turvy landscape of last year, when U.S. and foreign officials, corporate executives analysts and investors were regularly in the dark about what goods would be taxed, at which rates, and from what countries.
Meanwhile, several studies are showing that Trump’s tariffs are not penalizing foreigners and bringing America the economic boon that the president promised. One piece of research that has particularly rankled the administration was a paper by the Federal Reserve which argued that 90 percent of the taxes imposed on imports were in fact borne by people in the U.S. last year. Trump’s key economic adviser called the paper an “embarrassment.”
Feb 23 - Analysts say China less likely to buy US soy after Supreme Court decision
China may be less likely to follow through on another big purchase of U.S. soybeans that President Donald Trump has been touting for several weeks in the wake of the Supreme Court striking down Trump's sweeping tariffs, analysts said. Most actively traded soybeans fell slightly on Friday morning after rallying 8.49% since February 4, when Trump said on Truth Social that China would buy an additional 8 million metric tons of soybeans.
Feb 23 - Algeria tenders to buy nominal 50,000 metric tons soft milling wheat, traders say
Algeria's state grains agency OAIC has issued an international tender to buy soft milling wheat to be sourced from optional origins, European traders said on Sunday. The tender sought a nominal 50,000 metric tons but Algeria often buys considerably more in its tenders than the nominal volume sought.
Feb 23 - Turkey tenders to buy and import 350,000 metric tons corn, traders say
Turkey's state grain board TMO has issued an international tender to purchase and import a total of 350,000 metric tons of animal feed corn, European traders said on Friday. The deadline for submission of price offers in the tender is February 26, they said.
Feb 20 - US farmers to sow more soybeans in 2026, less corn, USDA says
U.S. farmers will plant more soybeans and less corn in 2026 than last year, although both harvests were expected to be the second-largest on record, the U.S. Department of Agriculture said on Thursday. The agency projected corn plantings at 94 million acres this year, down from an 89-year high of 98.8 million acres in 2025.
Feb 20 - Global wheat supplies may tighten in 2026/27, IGC says
Global wheat supplies could tighten in the 2026/27 season while corn production may also dip, the International Grains Council said on Thursday. "Although forecasts remain tentative at this time, the initial global wheat supply and demand outlook appears slightly tighter in 2026/27, with expectations for a reduced harvest and further consumption gains," the IGC said in a monthly update.
Feb 20 - Brazil sends first sorghum shipment to China in a decade
Brazil exported its first shipment of sorghum to China since 2014 in January, but in a volume small enough to fit inside a single shipping container, according to Brazilian government data seen by Reuters. The shipment of 25.83 metric tons was Brazil's first to the Asian country in 12 years, shortly after 10 trading companies were authorized to export the grain to China last November.
Feb 19 - Record snowfalls and snowstorms will hit Moscow and Central Russia! (Sovecon )
"Hordes" of snow clouds associated with the extremely active Balkan cyclone, which on the way unloaded from itself only one night to 23 mm of precipitation - a little more than half of the monthly norm of precipitation - in the Kursk and Orel regions, in the night crossed the southern borders of the Moscow region, and in the early morning - from 5.30-6.00 hours of snowfall charged in Moscow!
Now in the capital of our homeland outside the window, the air temperature is -8.8, cloudy, snowfall with a decrease in visibility to 1100 meters, at the Sheremetyevo airport visibility reduced to 800 meters, in Vnukovo - 400 metro. Wind east 5-10 m/s, gusts reach 14 m/s. Humidity 87%. Atmospheric pressure drops rapidly - at barometers of 744.7 mm Hg.
During the day, the weather situation in the capital region will be caused by the Balkan cyclone centered over Orlovshchina. Cloudy weather will persist, shaggy snow will only intensify with each hour, snowfall with flakes will fall literally with a wall, erasing the line between the sky and the earth, and the peak will come out by mid-day.
Winter will work for glory! In the next 24 hours, until Friday morning, in Moscow - with a monthly norm of 44 mm - will fall up to 23-28 mm of rain or almost 2/3 (to be precise, up to 63%) of the entire February norm. It's going to be the worst snowfall of this winter! The daily record of precipitation of 56 years ago will be broken, and all over February today's snowfall, along with 1966 (35.5 mm) and 1970 (23.3 mm) will be among the three most powerful in the history of regular observations at the VDNH metropolitan weather station!
These are not all expected accomplishments! The height of the snow cover will increase by 32 cm and will reach: at VDNKh - 75 cm, at Balchug - 83 cm, Tushino - 84 cm, MSU - 87 cm! This will be the largest snowdrifts since the beginning of winter, which is twice the climate norm, which is 39 cm. Thus, today will be broken the record of snowdrifts for February 19 - the former maximum is 66 cm and was recorded in 2024. A record for snow cover is also likely for the whole of February, which was established in 1994 - it is 72 cm. Due to wind, a blizzard will rise with a reduced visibility to 1-2 km or less.
There is no harm without good - a positive thing will be that the frost bored Muscovites will soften (by the way, no abnormal cold is expected anymore), and the temperature background will already today return to its climatic course: in the afternoon it will warm to -4...-7. Everything indicates that the ice age in Central Russia has ended, and the severe frosts will not return this season. Barometers will collapse to 738 mm Hg, which will negatively affect the well-being of weather-dependent people.
This is not a training, but a combat alert in a meteorological sense. And please take the storm warning in Central Russia seriously!
The snowfalls will abate by Friday morning, but will not end and will still go from time to time until about 9 a.m. Saturday, after which the weather will improve and precipitation will stop.
Feb 19 - Russia doubled exports of flaxseed oil in 2025 (APKinform )
Preliminary estimates show that in 2025 Russia exported flaxseed oil worth $12 mln, 2.2 times higher than the previous year. In physical terms, shipments increased 1.9 times, reaching 10.000 tons, the federal center “Agroexport” under the Russian Ministry of Agriculture reports.
As in the previous year, the largest importer of Russian flaxseed oil in 2025 was China, with shipments in this direction increasing by 33% to $5.4 mln. In addition, for the first time since 2021, flaxseed oil from Russia was shipped to Chile. During 2025, shipments to the South American country totaled $5.3 mln, placing it second among buyers. Kazakhstan, Belarus, and Turkey also ranked among the top five destinations.
Feb 19 - As US agriculture flails, farmers see big corn acres as best bet to break even
U.S. farmers, though punished by slumping prices after last year's monster corn harvest, are expected to cut back only slightly on their plantings of the grain in 2026 as they brace for a fourth straight year of narrow profit margins or even losses. Farmers expect corn, the most widely grown U.S. crop, to hew close to break-even levels this year, supported by strong usage.
Feb 19 - Rains return to southern Brazil bolstering soy fields
Recent rains have brought relief to soybean fields in Brazil's southernmost state of Rio Grande do Sul, which had been grappling with hot, dry weather that compromised yield potential, according to weather service Rural Clima and LSEG meteorological data. In a Wednesday report, agrometeorologist Marco Antonio dos Santos said some parts of Rio Grande do Sul had received between 30 millimeters and 40 millimeters of rain.
Feb 19 - Argentine maritime workers' labor reform strike halts grain shipments
Argentine maritime workers from the country's maritime workers federation FESIMAF launched a 48-hour strike on Wednesday over a planned labor reform, which the country's grain exporters' chamber said was paralyzing shipments in the nation's ports. Argentina is a top global supplier of grains, and the world's largest exporter of soybean oil and meal.
Feb 19 - Jordan issues tender to buy up to 120,000 metric tons wheat, traders say
Jordan's state grain buyer has issued an international tender to buy up to 120,000 metric tons of milling wheat that can be sourced from optional origins, European traders said on Wednesday. The deadline for submission of price offers in the tender is February 24.
Feb 18 - SPIKE Spot Commodity Index Ukraine
-----------------------------
CPT ODESSA, UKRAINE (export)
· Corn - 214$ (+1$)
· Wheat 11.5pro - 215$ (+1$)
· Feed wheat - 210$ (0$)
· Soya GMO - 443$ (0$)
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CPT PARITY* ODESSA, UKRAINE (processing)
· Soybean GMO - 477$ incl. VAT (-1$)
· Sunflower - 708$ incl. VAT (+1$)
-----------------------------
Note:
· Prices are for delivery within 30 days
*Parity is a reflection of prices of plants from different regions of Ukraine, brought to the unified basis of CPT Odessa, taking into account logistic costs.
Feb 18 - NOPA January US soy crush tops most estimates at 221.564 mln bu
The U.S. soybean crush in January reached its highest level on record for the first month of the year, while soyoil stocks ballooned to their largest level since April 2023, according to monthly National Oilseed Processors Association data issued on Tuesday. NOPA members, which account for around 99% of all soybeans processed in the United States, processed 221.564 million bushels of soybeans last month, up 10.6% from 200.383 million bushels a year earlier.
Feb 18 - EPA expected to send 2026 biofuel blending quotas to White House this week
The U.S. Environmental Protection Agency is expected to submit proposed biofuel blending quotas for 2026 to the White House this week for final review, according to two sources familiar with the matter. President Donald Trump's administration is racing to meet a self-imposed deadline to finalize delayed new U.S. biofuel blending mandates by the end of March.
Feb 18 - Group in Thailand tendering to buy at least 60,000 tons feed wheat, traders say
The TFMA group of importers in Thailand has issued an international tender to purchase at least 60,000 metric tons of animal feed wheat, European traders said on Tuesday. The deadline for submission of price offers is Wednesday, February 18.
Feb 17 - Morocco's cereals harvest expected to double after wet winter
Moroccan grains traders and millers expect Morocco to double its cereals harvest this season after abundant winter rains, with limited impact from floods in the northwestern plains of the North African country, which is a major grains importer. Industry leaders plan to add domestic wheat to strategic reserves this year "without compromising imports", said Moulay Abdelkader Alaoui, head of the federation of industrial millers FNM, who expects a domestic harvest of 6 million metric tons.
Feb 17 - Russian wheat export prices up as shipping difficulties continue
Russian wheat export prices rose last week as weather conditions continued to seriously hamper shipments from the country's southern ports, analysts said. The price of Russian wheat with 12.5% protein content for free-on-board delivery in the second half of March was $233.0 a metric ton at the end of last week, up $2 compared to the previous week, said Dmitry Rylko, head of the IKAR consultancy.
Feb 17 - Morocco's cereals harvest expected to double after wet winter
Moroccan grains traders and millers expect Morocco to double its cereals harvest this season after abundant winter rains, with limited impact from floods in the northwestern plains of the North African country, which is a major grains importer. Industry leaders plan to add domestic wheat to strategic reserves this year "without compromising imports", said Moulay Abdelkader Alaoui, head of the federation of industrial millers FNM, who expects a domestic harvest of 6 million metric tons.
Feb 17 - Cocoa stocks from main harvest pile up in Ivory Coast warehouses
Unsold bags of cocoa beans are stacked almost to the ceiling in Sekou Dagnogo's warehouse in Ivory Coast's western Duekoue town, where his cooperative is struggling to sell to exporters following a fall in global cocoa prices. Exporters have been refusing to pay the guaranteed 2,800 CFA francs per kg farmgate price the government set at the start of the 2025/26 crop season, according to cooperatives.
Feb 16 - India allows wheat and sugar exports to placate farmers amid US trade deal protests
India's on Friday allowed the export of 2.5 million metric tons of wheat and an additional 500,000 tons each of wheat products and sugar, as the world's second-biggest producer of both commodities seeks to support local growers amid protests over a trade deal between New Delhi and Washington. On Thursday, thousands of farmers staged demonstrations, alleging the government had compromised their interests under the interim U.S.-India trade framework, though the trade minister said safeguards were in place.
Feb 16 - French winter crop conditions at three-year high
Ratings for winter crops in France, the European Union's biggest grower, are at their best in three years and well above 2024 and 2025, when wet weather had hampered growth, farm office FranceAgriMer data showed on Friday. First ratings of French cereals after a winter pause showed 91% of the soft wheat crop, 88% of winter barley and 87% of durum wheat were in good or excellent condition by February 9.
Feb 16 - South Korean milling group buys about 50,000 tons of US wheat, traders say
A group of South Korean flour mills bought an estimated 50,000 metric tons of milling wheat to be sourced from the United States in an international tender, European traders said on Friday. The purchase involved several wheat types and was all bought free on board for shipment between June 1 and June 30.
Feb 13 - China buyers snap up U.S. sorghum, Australian barley as domestic corn supply tightens
Chinese buyers have ramped up feed grain purchases in recent months, taking large volumes of Australian barley and U.S. sorghum after rain damaged the domestic corn harvest, trade sources said. Importers have booked about 45 cargoes, or at least 2.5 million metric tons, of U.S. sorghum over the past three months, according to two Asian traders familiar with the deals, or three times the quantity shipped in all of 2025.
Feb 13 - Brazil soy farmers reaping record crop, Conab confirms
Brazil, the world's largest soybean producer and exporter, will reap a record of nearly 178 million metric tons in the 2025/26 marketing year, crop agency Conab said on Thursday, as average yields rise and harvesting is well underway. In its latest report, Conab said farmers will get 3,675 kilograms per hectare, up 3.8% from last season, a record for average soy yields as well.
Feb 12 - Indian corn, soybean prices fall as door opened to US imports
Indian corn and soybean prices fell on Wednesday after New Delhi agreed to duty-free imports of U.S. soyoil and a protein-rich animal feed under a new trade deal with Washington, stoking fears of cheaper supplies among farmers. Farm unions and opposition parties, concerned about cheap U.S. supplies, have called nationwide protests for Thursday.
Feb 12 - Indonesia biodiesel pause, rising output seen limiting palm oil gains
Indonesia's move to pause biodiesel expansion and expectations of higher production in the coming months are likely to pressure palm oil prices, although strong demand and slowing growth in overall output could limit the downside, analysts said. Palm oil output from Southeast Asia, which supplies nearly 90% of the global market, is expected to rise marginally in 2026 on improved weather in top grower Indonesia, even as production in second-largest grower Malaysia is expected to decline, analysts told an industry conference in Kuala Lumpur this week.
Feb 12 - Price of Romanian sunseed heads towards the all-time high
Prices for Romanian sunseed are gradually increasing, due to exceptionally high demand from Turkey, purchasing it from the Black Sea region after a poor domestic harvest.
This situation is compounded by regional shortages, logistical difficulties in Ukraine, which usually exports sunoil to the EU countries and intense competition between local Romanian processors and exporters for limited supplies. Despite all this, Romanian sunseed export pace exceeds historical averages. In that case, maybe Romanian market may find some relief from supplies from Argentina ?
Feb 12 - FranceAgriMer cuts non-EU soft wheat export forecast by 300,000 tons
Farm office FranceAgriMer on Wednesday reduced its forecast for French soft wheat exports outside the European Union in 2025/26 by 300,000 metric tons to 7.20 million as competition from Argentine wheat continued to weigh. The third consecutive reduction in its non-EU export forecast was only partly compensated by a small rise in expected shipments within the bloc to 7.56 million tons from 7.51 million previously, it said in a monthly supply and demand outlook for the EU's largest wheat producer.
Feb 12 - Ukraine will complete 2025 corn harvest in March, says deputy minister
Ukraine intends to complete the 2025 corn harvest in March, but expects a decline in quality, deputy economy minister Taras Vysotskiy was quoted as saying on Wednesday. Farmers began harvesting last year's corn crop with a significant delay due to unfavourable weather conditions, and about 7% of the sown area remains unharvested, Vysotskiy told Censor.net internet newspaper.
Feb 11 - USDA's reputation suffers after massive revisions in US corn acres
The U.S. Department of Agriculture, long the world's gold standard for crop estimates, faces mounting doubts about the reliability of its data from farmers, grain traders and economists following deep staff losses and a sharp upward revision in how many acres of corn were harvested. Farmers, traders and food manufacturers everywhere closely follow monthly USDA reports on production, supplies and demand so they can anticipate prices and inventories.
Feb 11 - Palm oil demand from India, China to pick up, analyst says
Palm oil purchases from top buyers India and China are expected to pick up from January to April this year, with stocks set to decline over the period, analyst Thomas Mielke told an industry conference on Wednesday. India's vegetable oils imports are forecast to rise this year but overall demand from China will weaken, Mielke, executive director of Hamburg-based forecaster Oil World, said.
Feb 11 - Ukraine wheat exports remain low in the face of logistics strife, union says
Wheat exports from Ukraine remain at an extremely low level so far in February, with only 27,000 metric tons leaving the country out of 700,000 tons contracted for the month, farmers union UAC said on Tuesday.
Feb 11 - France raises winter soft wheat and rapeseed planting estimates
France's farm ministry on Tuesday increased slightly its estimates for sowings of winter soft wheat and winter rapeseed for the 2026 harvest, confirming its expectation of an expanded area for both crops this year. For winter soft wheat, France's country's main cereal crop, the ministry now expects the 2026 area to reach 4.59 million hectares, up slightly from its initial projection of 4.56 million in December, it said on Tuesday.
Feb 10 - Indian demand for palm oil to rebound as prices at discount to Chinese soyoil, analysts say
Indian demand for palm oil is set to rebound this year as prices have come down, analysts said on Monday, although competition from Chinese soyoil, an alternative oil, will cap growth. A surge in Chinese soyoil exports early last year dampened demand for palm oil in India, as consumers switched to using soyoil instead.
Feb 10 - Brazil's 2025/26 soybean harvest reaches 16% of area, AgRural says
Brazilian farmers had harvested 16% of their 2025/26 soybean crop as of last Thursday, agribusiness consultancy AgRural said on Monday, up 6 percentage points from the previous week and just topping the 15% reported a year earlier. Work continues to be driven by Mato Grosso state, with harvesting conducted during breaks in the strong rainfall, AgRural said.
Feb 09 - Farmers report 'catastrophic damage to crops as Storm Marta hits Spain and Portugal
Farmers in Spain warned on Saturday that torrential rains and high winds had left fields submerged and caused millions of euros worth of damage to crops, as Spain and Portugal braced for more extreme weather. The Iberian Peninsula has already experienced a succession of storms in recent weeks, bringing heavy rain, thunder, snow and strong gales before the arrival of Storm Marta on Saturday.
Feb 09 - "A blessing": Hopeful Argentine farmers greet rain with relief, but still worried about risks to harvest
Argentina, one of the world’s top food exporters, had been on track for a record corn harvest in the 2025/26 season, but unusually high January temperatures, topping 35 degrees Celsius in some areas, combined with low rainfall, strained crops across much of the country’s agricultural heartland. The Buenos Aires Grain Exchange on Thursday trimmed its estimate for Argentina’s grain output to 57 million metric tons, down from a previous forecast of 58 million metric tons.
Feb 09 - Export flurry boosts EU barley market to ease grain glut
European Union barley exports could reach a 10-year high this season as brisk feed demand overseas and reduced competition from the Black Sea region help the EU to shift a large harvest. The rush of demand for European feed barley has provided relief for producers struggling with low prices in a heavily supplied global grain market.
Feb 09 - Brazilian soy exports to soar through February despite slow sales by farmers, analysts say
Sales by Brazilian farmers of the new soybean crop have lagged previous years, though that will not prevent the world's largest producer and exporter of the oilseed from shipping high volumes through February, according to analysts and shipping data. Preliminary data based on shipping schedules from grain exporter group Anec suggest Brazil's soybean exports could reach 14 million metric tons from January through February.
Feb 06 - China faces higher prices for further U.S. soybean buys to please Trump
Chinese soybean importers face much higher costs to bring in an additional 8 million metric tons of U.S. cargoes, whose purchase President Donald Trump has said Beijing is weighing, as rival Brazilian supplies are far cheaper in their peak export season. Still, Beijing could order purchases by state grain companies to please Trump ahead of his China visit planned for April, as it eyes other concessions from Washington, traders and analysts said.
Feb 06 - Russia's early crop condition data signals good 2026 harvest
The share of Russian crops in normal condition as of February 5 stood at 97% compared to 87% in the same period of 2025, Deputy Prime Minister Dmitry Patrushev said on Thursday, with analysts suggesting the data signaled a good harvest. Extreme weather, especially in the bread basket southern regions, affected the harvest in 2025 in Russia, the world's largest wheat exporter.
Feb 06 - Jordan tenders to buy 120,000 metric tons feed barley, traders say
Jordan's state grains buyer has issued an international tender to purchase up to 120,000 metric tons of animal feed barley, European traders said on Thursday. The deadline for submission of price offers is February 11.
Feb 05 - How India is likely to shield its farmers in US trade deal
India and the United States have struck a trade deal to cut U.S. tariffs on Indian goods to 18% from 50% in exchange for New Delhi halting purchases of Russian oil and lowering trade barriers. Both sides have shared the broad outlines of the deal but not the details, with early indications suggesting India will grant the U.S. only limited access to its agricultural market.
Feb 05 - Algeria believed to have bought around 200,000 tons feed barley in tender on Tuesday, traders say
Algerian state agency OAIC is believed to have purchased around 200,000 tons of animal feed barley to be sourced from optional origins in an international tender on Tuesday, European traders said on Wednesday. Traders had reported the purchase on Tuesday night but had not been able to estimate the tonnage bought in the tender, which sought a nominal 50,000 tons.
Feb 05 - Turkey tenders to buy and import 255,000 metric tons feed barley, traders say
Turkey's state grain board TMO has issued an international tender to purchase and import about 255,000 metric tons of animal feed barley, European traders said on Wednesday. The deadline for submission of price offers in the tender is February 11.
Feb 04 - Export prices for Russian wheat rose to a two-month high (SovEkon)
By the end of January, export prices for Russian wheat 12.5% increased by $1 to $229-231/t FOB, follows from the price monitoring of "SovEkon". Export prices rose for the third consecutive week to their highest level since November 2025. Support for the Russian FOB was provided by the strong ruble, high domestic prices and the growth of European quotations.
Wheat prices on Euronext rose by 3.4% to $230/t in dollar terms in January. European equities were supported by the growth of global markets, as well as the closing of short positions by funds as they exited from risky assets. The strengthening of the euro was an additional factor.
The strong ruble supported Russian export prices. By the end of January, the ruble exchange rate was 76 rubles against 79 rubles at the beginning of the month. Against the backdrop of tight central bank monetary policy and low business activity, the ruble has strengthened to its highest level in three years.
In the last weeks of January, export prices were supported by some growth in domestic prices. Average prices of Russian wheat of the 4th class (12.0-12.5%) increased by 100 rubles to 13,100 rubles per ton last week. Price increases were supported by stronger demand from exporters in most regions.
A revival in demand from importers also provided some support to quotes. Saudi agency GFSA bought 907 thousand tons of wheat at $259-262/t C&F in an international tender, which was the largest purchase since February last year. Algerian OAIC bought 600-720 thousand tons at $253-254/t C&F in an international tender. It is expected that part of the supplies will be supplied to the countries of the Black Sea.
The high yield in the southern hemisphere seems to be already priced into world prices. Argentine wheat has risen from a low of $206/t in mid-December and hovers around $210/t FOB.
We believe that the potential for price growth is not fully selected and expect to see higher levels in the coming months.
Feb 04 - China's 'No. 1 document' pushes grain security, agri-tech innovation
China will stabilise grain and oilseed output, diversify agricultural imports and increase support for farmers, state media reported on Tuesday, citing a government rural policy blueprint aimed at ensuring food security. The State Council's "No. 1 document" comes as China prepares its next five-year plan amid trade friction with major food suppliers such as the U.S. and Canada, alongside a domestic economic slowdown and climate challenges.
Feb 04 - India to keep some farm protections in US trade deal, will buy US aircraft, arms, energy
India will grant the United States some limited access to its market for agricultural products but maintain key protections, officials from the two countries said on Tuesday as the outlines of a tariff-reducing trade deal between U.S. President Donald Trump and Indian President Narendra Modi started to emerge. U.S. Trade Representative Jamieson Greer told CNBC that the deal would reduce India's tariffs on American industrial goods to zero from about 13.5% and eliminate duties on U.S. tree nuts, fruits, vegetables, wine and spirits.
Feb 04 - EU 2025/26 soft wheat exports at 12.82 million tons by February 1
European Union soft wheat exports since the start of the 2025/26 season in July had reached 12.82 million metric tons by February 1, compared with 12.38 million tons the previous week and unchanged from a year earlier, European Commission data showed on Tuesday. A breakdown of this season's volumes showed Romania was still the largest EU soft wheat exporter with 4.08 million tons exported so far, followed by France (3.87 million tons), Lithuania (1.68 million tons), Germany (1.10 million tons) and Latvia (0.75 million tons).
Feb 03 - India's January palm oil imports hit four-month high as buyers cut soyoil purchases
India's palm oil imports surged 51% in January to a four-month high, as the tropical oil's discount to rival soyoil prompted refiners to ramp up purchases while cutting soyoil imports to a 19-month low, according to five dealers. Higher palm oil imports by India, the world's largest buyer of vegetable oils, could help reduce inventories in top producers Indonesia and Malaysia, supporting benchmark Malaysian palm oil futures, while pressuring U.S. soyoil futures.
Feb 03 - Taiwan bought estimated 106,350 tons wheat of US-origin, traders say
The Taiwan Flour Millers' Association purchased an estimated 106,350 metric tons of milling wheat to be sourced from the United States in a tender late last week, European traders said on Monday. The purchase involved various wheat types bought in two consignments for shipment from the U.S. Pacific Northwest coast.
Feb 03 - Ukraine's farm exports stable in January at 5 million tons, lobby says
Exports of agricultural products from Ukraine remained stable at 5 million metric tons in January compared to December, farm lobby UCAB said on Monday. Ukraine is a global major producer and exporter of grain, vegetable oils and oilseeds.
Feb 02 - Disgruntled with Western pork, China wants to go back to black pigs
Pork prices have been falling for years due to weak demand, a stagnating economy and changing tastes; in December, they declined 14.6% from a year earlier. And rampant overcapacity, triggered in part by the government's reaction in 2018 to the outbreak of African swine fever, has cost the industry profits.
Feb 02 - India faces hotter, drier February, threatening winter crops
India will be warmer and drier this month after an unusually warm January, the weather office said, raising risks for key winter-sown crops such as wheat, rapeseed and chickpeas. The country's northwestern wheat-growing region is likely to receive less than 78% of its long-term average rainfall, Mrutyunjay Mohapatra, director-general of the India Meteorological Department, said on Saturday.
Feb 02 - Algeria tenders to buy nominal 50,000 metric tons feed barley, traders say
Algeria's state grains agency OAIC has issued an international tender to buy a nominal 50,000 metric tons of animal feed barley to be sourced from optional origins, European traders said on Sunday. The deadline for submission of price offers in the tender is Tuesday, February 3, with offers having to remain valid until Wednesday, February 4.
Jan 30 - Australian canola down but not out of China after Xi's deal with Canada
A trade deal between China and Canada has damaged Australia's hopes of becoming China's main supplier of canola, but the Pacific nation's access to the world's biggest oilseed importer has significantly improved, traders and analysts said. China has resumed purchases of Canadian canola in the last two weeks after a months-long hiatus triggered by a trade war.
Jan 30 - Jordan tenders to buy 120,000 metric tons of feed barley, traders say
Jordan's state grains buyer has issued an international tender to purchase up to 120,000 metric tons of animal feed barley, European traders said on Thursday. The deadline for the submission of price offers in the tender is February 4.
Jan 29 - China clears Australian canola cargo, easing months-long approval delays
A cargo of Australian canola that arrived in southern China this month has passed inspection, with processing at a crushing plant set to begin this week, two trade sources told Reuters on Thursday, easing concerns over delays in clearance. Since August, China's state-owned COFCO has bought at least nine cargoes, or about 500,000 metric tons of Australian canola, after Beijing resumed purchases of imports shut out of its market since 2020 over concerns about biosecurity.
Jan 29 - Tunisia buys estimated 100,000 tons soft wheat and about 100,000 tons durum in tender, traders say
Tunisia's state grains agency is believed to have purchased about 100,000 metric tons of soft milling wheat and about 100,000 tons of durum in an international tender for the same volume on Wednesday, European traders said. The soft wheat and durum were both bought in four 25,000 ton consignments and all can be sourced from optional origins and was all bought on cost and freight included terms.
Jan 29 - Ukraine shows first indicative prices for 2026 rapeseed harvest, farmers union says
The first indicative prices for new Ukrainian 2026 rapeseed harvest are in the range of $510-$520 per metric ton CPT port (Carriage Paid To) Black Sea, versus $540-$550 at the end of January, leading Ukrainian farmers union UAC said on Wednesday. Ukraine is a major European rapeseed grower and exporter. The country harvested around 3.7 million tons of rapeseed in 2024 but the harvest fell to 3.3 million tons in 2025 mostly due to unfavourable weather.
Jan 28 - SovEkon raises forecast of Russian wheat exports in the 2025/26 season; exports next season may fall
SovEkon raised its forecast for Russian wheat exports in the 2025/26 season by 1.1 million tons to 45.7 million tons, compared to 40.8 million tons a year earlier and 42.2 million tons on average over five years. The outlook was revised on the back of strong exports in recent months, as well as relatively high official harvest figures.
Shipments of Russian wheat have increased significantly in recent months. In December, 4.2 million tons of wheat were shipped from Russia, which was the highest figure for the month in the last 8 years, in November - a record for the month of 5.2 million tons.
Shipments are also expected to be relatively strong in the coming months, against a background of strong demand from key importers. At the end of December, Egypt’s Mostakbal Misr agency purchased 0.7 million tons of wheat; Russian grain is likely to account for a significant part of the volume. Saudi agency GFSA in mid-January bought 907 thousand tons (maximum since February-2024), including grain from the Black Sea.
The relatively high availability of Russian wheat also contributed to higher export valuations. According to preliminary data published by Rosstat in December, wheat production in 2025 amounted to 91.4 million tons, while most market estimates fluctuated between 88.0-89.0 million tons. In December, SovEkon estimated wheat production in 2025 at 88.8 million tons.
The export quota of 20 million tons for basic grains will come into effect in mid-February, but we estimate that it will not have a noticeable impact on exports. Wheat exports during the quota period from mid-February to July are estimated at about 16 million tons.
The first forecast of wheat exports for 2026/27 is 39.6 million tons, which is 6.1 million lower than the estimate for the current season. Exports will decrease because of reduced supply amid relatively low yields. SovEkon estimates 2026 wheat production at 83.8m tons.
Domestic consumption in the next season will not change at the same time as the growth slowdown in animal husbandry to zero.
In the coming months, we expect a slight increase in the export rate. However, we are not expecting a fundamental increase in exports, given that a significant part of reserves is far from export regions. Strong ruble and stable export prices are also constraints.
Jan 28 - China buys more Canadian canola after Mark Carney visit
Chinese importers secured up to 10 Canadian canola cargoes following Prime Minister Mark Carney's visit to Beijing earlier this month, two trade sources told Reuters, easing supply tightness and potentially displacing Australian exports. Canadian canola is expected to be shipped between February and April, two traders with direct knowledge of the deals said. Each cargo is of around 65,000 metric tons.
Jan 28 - Russia targets seeds market as traditional export customers boost grains production
Russia, the world's largest wheat exporter, will target global markets with its seeds and technologies as its grain markets are expected to shrink with other countries raising production, Agriculture Minister Oksana Lut said on Tuesday. She said that Russia was already discussing with Egypt, its main wheat customer, how to use Russian seeds and technologies to increase production there and help it to strengthen the country's food security.
Jan 28 - Tunisia tenders to buy 100,000 tons soft wheat and 100,000 tons durum wheat, traders say
Tunisia's state grains agency has issued an international tender to purchase about 100,000 metric tons of soft milling wheat and 100,000 tons of durum wheat, European traders said on Tuesday. The origin was optional. The deadline for submission of price offers in the tender is Wednesday, January 28.
Jan 28 - Jordan gets 4 participants so far in 120,000 ton wheat tender, traders say
Four trading companies are believed to be taking part so far in the international tender on Tuesday from Jordan’s state grains buyer to purchase 120,000 metric tons of wheat, traders said in initial assessments. Trading houses participating so far were believed to be Cargill, CHS, Buildcom and Ameropa.
Jan 26 - Bumper Argentine wheat harvest clouds EU export prospects
The European Union faces difficulty exporting its bigger wheat surplus this season as a record Argentine crop intensifies competition, including in top EU market Morocco, while farmers are reluctant to sell at low prices, traders and analysts say. Argentina's bumper harvest is contributing to a surge in global supply, putting higher-cost suppliers in western Europe under pressure.
Jan 23 - EU-Mercosur deal likely to take effect provisionally from March, says EU diplomat
The EU's free trade deal with South American countries will probably be applied on a provisional basis as soon as March, an EU diplomat told Reuters on Thursday, despite a looming challenge at the bloc's top court. EU lawmakers dealt a blow to the contentious trade agreement with Brazil, Argentina, Paraguay and Uruguay on Wednesday by referring it to the European Court of Justice, potentially delaying it by two years.
Jan 23 - Brazil traders see January soy shipments missing exporters' outlook
Some Brazilian traders say soybean exports in January are likely to miss grain exporters' association Anec's forecast released on Tuesday, while Anec told Reuters it is reconsidering its estimate for 3.8 million metric tons of shipments this month. In a statement, Anec said its monthly estimate, far above the 1.1 million tons shipped in January 2025, was based on shipping schedules.
Jan 23 - Jordan tenders to buy 120,000 metric tons of feed barley, traders say
Jordan's state grains buyer has issued an international tender to purchase up to 120,000 metric tons of animal feed barley, European traders said on Thursday. The deadline for submission of price offers in the tender is January 28.
Jan 22 - Ukraine wheat exports remain low amid Russian attacks on ports, weak demand
Ukraine's wheat exports remained relatively low in the first half of January amid Russian attacks on Ukrainian seaports and low external demand, data from the country's grain traders union UGA showed on Wednesday. Ukraine is a major European producer and exporter of wheat.
Jan 22 - Russia wants to boost agriculture exports through processing ventures abroad
Russian companies should set up food-processing plants abroad with government support, Agriculture Minister Oksana Lut said on Wednesday, in a move aimed at revitalising the country's slowing agricultural exports. Russia is the world's largest wheat exporter, but the growth of its grain exports slowed last year due to low global prices, which made growing wheat less profitable, and drought in the breadbasket Black Sea region.
Jan 22 - Taiwan’s MFIG buys about 65,000 tons corn from US, traders say
Taiwan's MFIG purchasing group bought about 65,000 metric tons of animal-feed corn expected to be sourced from the United States in an international tender on Wednesday, European traders said. The yellow corn was purchased at an estimated premium of 190.97 U.S. cents a bushel cost and freight included over the July Chicago corn contract, they said.
Jan 22 - Jordan issues tender to buy up to 120,000 metric tons wheat, traders say
Jordan's state grain buyer has issued an international tender to buy up to 120,000 metric tons of milling wheat which can be sourced from optional origins, European traders said on Wednesday. The deadline for submission of price offers in the tender is January 27.
Jan 21 - Ice crust and deep frosts could damage some Ukrainian winter wheat and rapeseed crops
Ice crust and extremely cold weather over the past two weeks could damage winter wheat and winter rapeseed crops in Ukraine's southern and eastern areas as well as part of its central regions, farmers' union UAC said on Tuesday. Frosts in temperatures down to minus 18 degrees Celsius followed prolonged freezing rain, forming ice fields over crops.
Jan 21 - EU 2025/26 soft wheat exports at 11.8 million tons by January 15
European Union soft wheat exports since the start of the 2025/26 season in July had reached 11.83 million metric tons by January 15, down 2% from a year earlier, though some figures were incomplete, European Commission data showed on Tuesday. A breakdown of this season's volumes showed France was the largest EU soft wheat exporter with 3.84 million tons exported so far, followed by Romania (3.75 million tons), Lithuania (1.41 million tons), Germany (894,526 tons) and Latvia with (694,050 tons).
Jan 21 - EU 2025/26 soybean imports down 16% by January 15, rapeseed down 41%
European Union soybean imports for the 2025/26 season that began in July had reached 6.73 million metric tons by January 15, down 16% from a year earlier, though some figures were incomplete, European Commission data showed on Tuesday. EU rapeseed imports in the same period totalled 2.08 million tons, down 41% year on year. Meanwhile, soymeal imports fell by 11% to 9.86 million tons.
Jan 20 - Malaysian Palm Oil Board to roll out used cooking oil reference price to boost transparency, drive circularity (MPOB)
The Malaysian Palm Oil Board (MPOB), the statutory body overseeing the regulation, research and development of the country’s palm oil industry, will roll out an official used cooking oil (UCO) reference price in the first quarter of 2026. It says the move is aimed at improving market transparency, guiding fair trading, and strengthening the development of a circular palm oil economy.
UCO refers to oils and fats collected from restaurants, food processors and households after cooking or frying. It is a key feedstock for biofuels, particularly sustainable aviation fuel (SAF), which is increasingly seen as critical to aviation decarbonisation.
UCO is increasingly important for downstream applications, particularly in biofuels and palm-based chemical products, and the benchmark is expected to provide clearer price signals while protecting smaller market participants from price manipulation and misinformation, Malaysia's Plantation and Commodities Minister Noraini Ahmad said.
“The initiative supports Malaysia’s push towards a circular economy, where waste and by-products are converted into valuable industrial and energy resources,” she was quoted as saying by New Straits Times.
MPOB director general Datuk Dr Ahmad Parveez Ghulam Kadir added that the reference price is based on the local delivered price, reflecting UCO sold within Malaysia and including local transport costs, rather than export-based free on board (FOB) pricing.
“It (the reference price) is to make it more transparent, so that people have a reference whenever they would like to sell whatever UCO they have collected. This will help ensure that they get a good price and that the market is more regulated, so people are treated fairly and not cheated,” he was quoted as saying by The Edge Malaysia. “Basically, we want to make sure it becomes a healthy business, that people are more interested, and that more people are encouraged to collect and sell.
UCO collection in the country is carried out by licensed operators sourcing from restaurants, food processors and households, before being traded domestically or exported as a feedstock for biofuels and oleochemical production.
In Malaysia, UCO is traded via the US Dollar Used Cooking Oil FOB Straits (Platts) Futures (FUCO) contract on Bursa Malaysia Derivatives, standardised at 25 metric tonnes per lot. In 2025, prices ranged from US$903.50/tonne to US$1095/tonne, with an average level of US$941.46/tonne.
Other key UCO benchmark prices used in Asia include S&P Global's Platts Asia Used Cooking Oil (UCO) Price Assessments, Argus Asian UCO price assessments and Vesper's benchmarks for China. As of December 17 last year, S&P Global assessed UCO prices at US$1,060/tonne for FOB Straits, US$977/tonne for DAP Tianjin and US$1,029/tonne for North Asia.
Last year, prices of used cooking oil in Asia hit a two-year high due to stronger demand in Chinese and European markets, S&P Global Commodity Insights reported. Platts data showed UCO North Asia reaching US$1,015 per metric tonne (FOB China) on Jan 23, its highest level since US$795 per metric tonne on Nov 14, 2023, while UCO FOB Straits rose to US$1,010 per metric tonne, up from US$790 per metric tonne on Nov 3, 2023.
Jan 20 - Domestic prices for Russian wheat have fallen to a one-and-a-half-year low (SovEkon)
As of January 14, the average price of grade 4 wheat in the European part of Russia fell to 13,050 rubles/t ($165/t) from 13,150 rubles/t ($168/t) last week and 13,250 rubles/t ($172/t) a month ago, follows from the price monitoring "SovEkon". This is the lowest price since July 2024, when the price of wheat was 12,900 rubles per ton ($146/t). Wheat prices declined amid high wheat supply in remote ports and relatively sluggish demand.
Wheat supply on the domestic market in general remains high, especially in the well-harvested Volga region and the Center. Wheat prices in the Center and the Volga region decreased by 400 rubles to 11,700 rubles/t and 11,500 rubles/t, respectively. Slow rail service overlaps with the high supply in the provinces.
Demand from exporters for wheat has fallen markedly since the end of last year. The current pace of shipments remains low. In the first two weeks of January, 0.7 million tons of wheat were shipped from Russian ports, compared to 0.8 million tons a year earlier and an average five-year level of 1.3 million tons.
Shipments of wheat from Russia’s main competitors also declined. According to preliminary data, about 0.3m tons of wheat were shipped from the EU in the first half of January, compared to 0.6m tons a year earlier. During the same period, Ukraine shipped 0.3 million tons against 0.4 million tons.
Probably, large importers continue to wait, still hoping for a decrease in prices against the background of an active offer of wheat from the Southern hemisphere. On January 19, the Algerian agency OAIC purchased 600-720 thousand tons of wheat at the price of $253-254/t C&F in the framework of an international tender. Much of the supply is expected to come to Argentina, where export prices remain at record lows in recent years of around $205-210/t, amid record harvests.
High domestic wheat stocks remain an additional factor, as they reduce purchase prices.
We do not rule out a further decline in prices on the domestic market in remote regions from the ports. But, owing to high logistics costs within Russia, this will not necessarily translate into lower export quotations.
Jan 20 - Chinese importer buys Canadian canola, denting Australian export hopes
A Chinese importer bought a cargo of Canadian canola shortly after Canadian Prime Minister Mark Carney's visit to Beijing last week, trader sources said, boosting prospects for Canadian farmers and potentially undercutting sales by rival supplier Australia. The Panamax cargo of about 60,000 metric tons of Canadian canola is the first since China halted imports in October, and is expected to be shipped after March, two traders with direct knowledge of the deal told Reuters on Monday.
Jan 20 - US lost soybean market share in China to South American supplies in 2025
U.S. soybean market share in China fell to 15% in 2025, down from 21% a year earlier, data from China's General Administration of Customs showed, as shipments halted since September and buyers turned to South American suppliers. Brazil's share of the market surged to 73.6% in 2025, up from 71% in 2024, while Argentina saw its share jump to 7%, from just 4% the previous year.
Jan 20 - Russian wheat export prices up on reduced supply, analysts cut January estimates
Russian wheat export prices rose last week on limited supply from the Black Sea region and increased demand from importers, analysts said as they lowered their estimates for January exports due to poor weather conditions at ports. The price for Russian wheat with 12.5% protein content for free-on-board delivery in the second half of February was $227.50 a metric ton at the end of last week, up $2.50 from January 13, according to Dmitry Rylko, head of the IKAR consultancy.
Jan 19 - Palm oil prices to average lower in 2026 on higher supply, weak biofuel demand
Malaysian crude palm oil futures are expected to average slightly lower in 2026 than last year, with stronger supply from major producers and subdued biofuel demand putting downward pressure on prices, a Reuters poll showed. Benchmark palm oil prices will average 4,125 ringgit a metric ton this year, down 2.55% from 2025, according to the median estimate of 14 traders, analysts and industry participants.
Jan 19 - Greek rice growers fear Mercosur deal will price them out of business
Rice growers in northern Greece had braced for a tough 2026 season as competition from non-EU exporters heated up but many of them now worry that a controversial free trade deal between the European Union and South America's biggest Mercosur economies might put them out of business for good. Greece, Europe's third largest producer of paddy rice behind Italy and Spain, is exporting most of its 240,000-ton annual production, mainly to Europe and Turkey.
Jan 19 - Russia's seaborne grain exports rose 4.4% in December
Russia's seaborne grain exports increased by 4.4% year on year to 4.7 million metric tons in December, according to shipping data from industry sources released on Friday. Seaborne exports accounted for about 90% of Russia's total grain exports last season.
Jan 16 - US farm economy shows widening cracks as costs rise, jobs vanish
Across the U.S. farm belt, these have become depressing times. Farmers are facing another season of low prices, high costs and difficult decisions about how — or whether — to keep operating. Banks are cutting off some growers just as they urgently need cash. Thousands of workers are losing jobs as meatpacking plants close and farm equipment makers scale back. Strain inside the U.S. farm economy is mushrooming across rural America, from unsold tractors sitting on dealer lots to agribusiness companies reporting shrinking earnings, as abundant grain supplies weigh on markets.
Jan 16 - Brazil's crop agency confirms record soybean crop in new estimate
Brazilian crop agency Conab projected on Thursday record soybean output of 176.12 million metric tons in the 2025/26 marketing year, a 2.7% rise from the previous crop. The agency's updated estimate is, however, 1 million tons lower than a projection made in December, with Conab citing slightly lower soybean yields of 3,619 kg per hectare this year.
Jan 16 - Expana cuts EU soft wheat export forecast for 2025/26
Consultancy Expana has reduced its forecast for European Union soft wheat exports in the 2025/26 season to 28.8 million metric tons, down from 30 million tons projected last month, citing sluggish shipments from northern EU countries and Romania. The new estimate reflects weaker demand and slower shipments to third countries, with France remaining the only major exporter with an unchanged outlook.
Jan 16 - Turkey provisionally buys estimated 210,000 metric tons of feed barley in tender, traders say
Turkey's state grain board TMO has provisionally bought about 210,000 metric tons of animal feed barley in an international tender on Thursday, European traders said. The purchases were made in several consignments with the lowest price estimated at $259.50 a ton cost and freight included for 50,000 tons from trading house Ipek.
Jan 15 - Global grain traders' green pledges face skepticism as deal to protect Brazil's rainforest unravels
Environmental groups are skeptical about whether grain traders that supply livestock feed to global meat markets will keep pledges to avoid buying crops grown on recently deforested lands in Brazil, after a two-decade corporate pact to protect the Amazon rainforest unraveled this month. Global grains traders abandoned the Amazon Soy Moratorium after local lawmakers in Brazil's largest agricultural state Mato Grosso threatened to strip tax incentives from those who honored commitments to avoid buying soy from farmers who razed rainforest acres to grow crops.
Jan 15 - France AgriMer cuts non-EU wheat export forecast and raises EU shipments
Farm office FranceAgriMer on Wednesday cut its forecast for French soft wheat exports outside the European Union in 2025/26, to 7.50 million metric tons from 7.60 million expected last month, but still more than double the volume shipped in 2024/25. In a supply and demand outlook, the office increased its forecast of French soft wheat shipments within the EU in 2025/26 to 7.51 million tons from 7.39 million previously and 6.8 million tons last season.
Jan 15 - Jordan buys about 60,000 metric tons feed barley in tender, traders say
Jordan's state grain buyer has purchased about 60,000 metric tons of animal feed barley sourced from optional origins in an international tender on Wednesday, European traders said. It was said to have been bought from trading house Cargill at an estimated $273.50 a ton cost and freight included for shipment in the first half of April.
Jan 14 - China's 2025 soybean imports hit record, fuelled by S. American purchases
China imported a record volume of soybeans in 2025, as buyers sharply increased purchases from South America amid fears of supply shortfalls if a trade war with Washington persisted. The world's biggest buyer of the oilseed imported 111.83 million metric tons in 2025, an increase of 6.5% from a year earlier, according to customs data released.
Jan 14 - China boosts wheat imports from Australia, Argentina on lower prices
Australia and Argentina exported around 620,000 metric tons of wheat to China in December, shipping data showed, and analysts and traders expect shipments to continue as Chinese buyers take advantage of low global prices. The December shipments to China were the biggest from Australia since April 2024 and the most from Argentina since 1997, customs data from the countries showed.
Jan 14 - China's Sinograin sells out soybean auction ahead of US shipments
China's state stockpiler Sinograin sold all 1.1 million metric tons of soybeans offered at its fourth auction since December on Tuesday, traders said, as it moves to draw down inventories ahead of incoming U.S. shipments. The imported soybeans, from the 2022–2025 crops, were sold at an average price of 3,811 yuan per ton, with deliveries scheduled mainly for March and April, the sources said.
Jan 14 - Russia's IKAR lifts grain export forecast but warns of southern crop risk
Russia's IKAR consultancy raised the country’s grain export potential for the 2025/26 season to 60.2 million metric tons from 57.8 million tons, but warned the target may not be met due to a poor crop in the south. IKAR increased its wheat export forecast to 46.5 million tons from 44.1 million. The current grain marketing season ends on June 30, 2026.
Jan 13 - US corn stocks set December 1 record after huge harvest, USDA says
U.S. corn stocks held by farmers and grain companies as of December 1 ballooned to all-time highs, the U.S. Department of Agriculture said on Monday, after growers last year harvested a record-breaking crop that was bigger than previously expected. Larger-than-expected inventory and production numbers released by the agency signaled that farmers may remain under financial pressure after low crop prices and President Donald Trump's tariff wars strained the farm economy.
Jan 13 - Malaysia to introduce official used cooking oil reference price in early 2026
Malaysia will introduce an official reference price for used cooking oil in the first quarter of this year to prevent price manipulation in the sector, its commodities minister said on Tuesday, as it seeks to better regulate the commodity. Plantation and Commodities Minister Noraini Ahmad told an industry conference that the new benchmark will provide price guidance and allow the fair trading of used cooking oil, as well as protect industry players from fraud.
Jan 13 - French farmers target food imports as Mercosur protests continue
Farmers stopped lorries at France's largest container port and on the main motorway north of Paris on Monday, conducting symbolic checks on imported food in protest at an EU-Mercosur trade deal they say will lead to unfair competition. Farmers in France, the European Union's largest agricultural producer, have been protesting for weeks over grievances including the proposed trade pact with South America’s Mercosur bloc.
Jan 12 - India's 2025 rice exports surge to near record as curbs lifted
India's rice exports jumped 19.4% last year to the second-highest on record after New Delhi lifted all export curbs, making shipments more competitive, government and industry officials told Reuters on Saturday. An improved flow of rice from the world's largest exporter of the grain curbed shipments from rivals Thailand and Vietnam and drove prices in Asia to their lowest in nearly a decade, easing costs for poor consumers in Africa and other regions.
Jan 12 - USDA may trim US soy export outlook in key crop reports, analysts say
Grain analysts expect the U.S. Department of Agriculture may trim what some believe were overly optimistic estimates for soybean export demand in the current crop year, especially given lower sales to China, when it releases closely watched crop reports on Monday. They also expect lower estimates for U.S. corn and soybean harvests, in part reflecting dry autumn weather, although global supplies are expected to remain plentiful with large South American harvests imminent.
Jan 12 - China buys at least 10 cargoes of US soybeans for April-May shipment, traders say
China's state stockpiler Sinograin purchased at least 10 cargoes of U.S. soybeans on Friday, or at least 600,000 metric tons, for shipment in April and May, capping an active week of buying by the world's top importer, three traders with knowledge of the deals said. At least eight of the cargoes booked on Friday were slated for shipment from U.S. Gulf Coast export terminals, with the remainder due to ship from the Pacific Northwest, they said.
Jan 12 - Grain terminal group Senalia expects doubling of shipments in 2025/26
Grain export terminal operator Senalia expects its volumes in 2025/26 to double from last season after a rebound in French harvest production and amid brisk demand for barley, the company said on Friday. France is the European Union's biggest grain supplier and Rouen on the river Seine in Normandy its main grain export hub. The rain-hit 2024 harvest cut its export surplus and left port terminals idle for part of the season.
Jan 09 - Macron says France will vote against Mercosur after farmers protest in Paris
France will vote against a sweeping trade deal that the European Union is due to sign with South American nations, French President Emmanuel Macron said on Thursday, as farmers blockaded roads into Paris and landmarks like the Arc de Triomphe to protest against the pact. Farmers from the right-wing Coordination Rurale union called for the protests in Paris amid fears the planned free trade agreement with the Mercosur bloc will flood the EU with cheap food imports.
Jan 09 - Brazil 2025 eggs exports soar on strong US demand
Brazilian egg exports, including fresh and processed, hit a record 40,894 metric tons in 2025 on strong U.S. demand, according to data compiled by the Brazilian Association of Animal Protein on Thursday. The figure represents a 121.4% rise from 2024, when 18,469 tons were shipped. Brazilian egg exporters generated a record $97.2 million in revenue last year, 147.5% more than in 2024, the data also showed.
Jan 08 - US competition to dent Chinese demand for Brazil's soy in 2026, trade group says
Sales of U.S. soybeans to China will partly dent demand for the Brazilian product this year from the world's largest importer, Sergio Mendes, head of grain traders lobby Anec, said in an interview on Wednesday. In a video call, Mendes said Brazilian soybean traders are expected to ship 77 million metric tons of the oilseed to China in 2026, ten million tons less than in 2025.
Jan 08 - EU to cut fertiliser duties to push through Mercosur trade deal
The European Commission said on Wednesday it would cut import duties for certain fertilisers and drive forward a law that could allow temporary suspensions to the EU's carbon border levy as it sought to win over opponents of its free trade agreement with South American bloc Mercosur. The concessions are part of an attempt by the Commission, backed by countries such as Germany and Spain, to garner the majority of 15 EU members representing 65% of the EU population to authorise the signing of the Mercosur deal, possibly next week.
Jan 08 - South Korea’s MFG tenders for up to 210,000 tons corn, traders say
South Korea's Major Feedmill Group has issued an international tender to purchase up to 210,000 metric tons of animal feed corn, European traders said on Thursday. The deadline for submission of price offers in the tender is Friday, January 9. Traders had initially estimated the total sought at 140,000 tons.
Jan 08 - Jordan tenders to buy up to 120,000 metric tons feed barley, traders say
Jordan's state grains buyer has issued an international tender to purchase up to 120,000 metric tons of animal feed barley, European traders said on Thursday. The deadline for submission of price offers in the tender is January 14.
Jan 07 - French Weekly Fertilizer market context (Agryco)
The majority of suppliers have now returned from leave, but they still need time to assess the situation accurately, both globally and in France. In the meantime, most of the suppliers are back on year-end bases.
The new element compared to last week is the return of geopolitics to the forefront, notably with the MACF tax and the US attack on Venezuela. Although Venezuela is a major regional producer, it is not so much this event itself that worries markets, but rather the uncertainty it generates. It reinforces the idea that Donald Trump could intervene suddenly on other countries, especially Iran, which he threatened again last week. In such a scenario, the impact could be significant, as was seen several months ago, when urea prices rose sharply following Israel’s attacks on Iran.
For the time being, the market is expected to remain broadly stable at the beginning of the year. The underlying trend remains firm and it will take some time before a clearer trend is established for the beginning of the year. Careful monitoring of urea trends will continue, including through the Indian tender and the level of demand in the United States and South America (Venezuela is a supplier, for example, from Brazil).
Regarding phosphorus, it will be necessary to observe whether the promising end of the year is confirmed, with the possible arrival of significant price reductions.
Nitrogen solution:
As indicated above, the market is in the observation phase at the beginning of the year. Offers are maintained at last week's levels, i.e. 358 €/t from Rouen for January and 360 €/t for February/March deliveries. No significant price changes are expected this week. The underlying market remains relatively firm, but does not appear to be able to absorb further increases at the moment, in particular due to still limited demand.
Ammonitrate:
There have been no notable developments. Prices remain stable at €493.5/t in the case of the big bag for ammonitrate 33.5 and at €381/t in the case of the big bag for ammonitrate 27.
Urea:
The global urea market had shown a downward trend at the end of the year, but the context seems to have strengthened recently. Without engaging a frankly upward dynamic, the decline now seems limited. Prices are therefore expected to remain broadly stable in the short term. Much will depend on the outcome of the Indian tender, as well as the level of demand in the US and South America, a revival of which could sustain the market and prevent any further decline. Conversely, a later request could suggest a correction. The price remains at 560 €/t bulk departure La Pallice.
Phosphorus:
The phosphorus market has started a downward trend that seems to be continuing. However, it is still necessary to wait in order to assess the real downside potential and to identify the first significant offers for spring uses.
The TSP 45 is currently displayed at 545 €/t departure Rouen, while the DAP is offered at 700 €/t departure Rouen.
Potash:
No changes to report in this market. Potash chloride remains stable at 360 €/t bulk departure Rouen.
Jan 07 - China buys more US soybeans, total purchases approach 10 million tons
China's state stockpiler Sinograin bought 10 U.S. soybean cargoes this week, three traders told Reuters on Tuesday, as the world's top buyer continues purchasing from the United States following a late October trade truce. The cargoes, totalling around 600,000 metric tons, are for shipment between March and May, the traders said, which is the peak shipping season for rival supplier Brazil.
Jan 07 - EU summons farm ministers to secure Mercosur deal support
The European Commission appeared to have won the crucial support of Italy on Tuesday for a contentious free trade deal with South American bloc Mercosur, paving the way for the EU to sign the agreement as early as next week. Italy and France last month dashed hopes for a December deal, saying they were not ready to support it until farmers' fears of an influx of cheap commodities from Mercosur, including beef and sugar, were resolved.
Jan 07 - EU 2025/26 soft wheat exports reach 11.18 million tons in incomplete tally
European Union soft wheat exports since the start of the 2025/26 season last July had reached 11.18 million metric tons as of January 2, down 2% from a year earlier, though some figures were incomplete, the European Commission said on Tuesday. EU barley exports totalled 5.29 million tons, up 126% from the corresponding period in the 2024/25 season, while EU maize imports were at 8.22 million tons as of December 31, down 20%.
Jan 07 - Jordan buys 60,000 tons of wheat in tender, traders say
Jordan's state grains buyer purchased about 60,000 metric tons of milling wheat to be sourced from optional origins in an international tender on Tuesday, traders said. It was believed to have been bought from trading house Buildcom at an estimated $260 a ton cost and freight included for shipment in the first half of April, they said.
Jan 06 - Ukraine Weekly Commodity Market (SPIKE BROKERS)
- Ukraine
· As of 01.01, 57.9 million tons of grain and leguminous crops have been threshed. Oilseeds (including soybean) - 17.4 million tons.
· Harvesting of corn for the week amounted to 320 thousand tons, with a shaft of 27.8 million tons.
· In December, total agricultural exports amounted to 4.1 million tons, which is the lowest December figure for at least the last 10 years. Including: wheat - 619 thousand tons, barley - 158 thousand tons, corn - 2.2 million tons, soybeans - 202 thousand tons, rape - 121 thousand tons, soybean oil - 54 thousand tons, sunflower oil - 427 thousand tons, sunflower and soybean meal - 378 thousand tons.
- CORN
The harvesting campaign has slowed down considerably due to adverse weather conditions. The progress of harvesting corn for the week amounted to only 300 thousand tons, with the total gross harvest as of 01.01.26 - 27.8 million tons.
In December, corn exports amounted to 2.2 million tons, with the key areas being the Mediterranean region and the EU, which together formed more than 60% of total supplies. The largest volumes were directed to Turkey (722.9 thousand tons) and Italy (456.3 thousand tons), which confirms the dominance of Europe and the Mediterranean countries as the top markets. Asia provided a smaller but significant share of exports, in particular South Korea (101.6 thousand tons) and China (58.0 thousand tons).
Seaports gradually began to resume work under conditions of active shelling by the aggressor, adapting to the reduced electrical voltage and compensating for the shortage of electricity by installing diesel generators. The increase in the discharge rate on water led to a temporary shortage of goods in ports, as suppliers held back shipments towards ports during the holidays, as well as because of the uncertainty of ports after active missile attacks.
Spot corn price index with delivery of CPT-port (30 days) rose to $206, which is $2 above the closing level last week.
The western border market is in a phase of low business activity, which is associated with the holiday season and holiday season in Europe. The nominal prices remained at €180 FCA Chop with delivery in February-May.
- WHEAT
In December, wheat exports from Ukraine amounted to 619 thousand tons and was concentrated mainly in the countries of North Africa and the Middle East. The absolute dominant among the directions was Algeria, which imported 280.4 thousand tons. The second key region remained the Middle East, where the main recipients were Yemen (118.1 thousand tons) and Syria (69.0 thousand tons). Asia formed a limited demand, mainly due to Malaysia (8.8 thousand tons). Deliveries to Europe were minimal and did not have a significant impact on overall export structure.
The slowdown in the rate of export shipments of wheat increases the likelihood of accumulation of grain residues in Ukraine and increases the price pressure both at the end of the current season and at the beginning of the next season.
Spot price index of food wheat (11.5% protein) with delivery CPT-port decreased to $211, and feed wheat - to $205.
- SUNFLOWER AND ITS PROCESSING PRODUCTS
The market of sunflower and its processing products is in the phase of weak business activity. At the same time, stabilizing maritime logistics gives market participants confidence in the sale of processed products and, as a result, can stimulate more aggressive purchases of sunflower.
The rise in energy in Ukraine remains a key factor in the increase in the cost of sunflower processing, which this season will limit the purchase prices from processing plants.
The price of sunflower without VAT with delivery to the plants of central Ukraine is $550-560 in the equivalent, while the plants of Bulgaria are already buying sunflower at prices of $620-630 delivered, which looks attractive, taking into account the cost of logistics.
Spot sunflower price index with processing delivery within 30 days decreased by $4 with VAT - up to $642.
- SOYA
In December, soybean exports amounted to 202.6 thousand tons. Logistically, it was mainly focused on sea routes, which accumulated 61% of the volume (123.6 thousand tons). The bulk of the sea supplies were directed to Turkey, which remains a key market for Ukrainian soybean.
Rail transport formed 36% of exports (72.9 thousand tons) and provided the main flow of products to the European Union, including large processing centers in the Netherlands, Germany and France.
Road transport provided only 3% of exports (6.1 thousand tons) and was mainly used for short routes to neighboring EU countries.
Prices for soybeans have decreased in all directions. Marine exports showed a decrease of $3, the direction of processing - by $2.
Spot price index of GMO soybean with delivery of CPT port for export in the horizon of 30 days decreased to $422 without VAT.
Direction of processing: spot index of GMO soybean price for processing decreased to $457 with VAT.