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World wheat prices are falling, and the export of Russian grain is expanding: a review of the grain market.
Cereals
Stern
Winter crops
Wheat

World wheat prices are falling, and the export of Russian grain is expanding: a review of the grain market.

World wheat prices have been decreasing: soft red winter wheat in Chicago -1.67%, hard wheat in Kansas -1.93%, spring wheat in Minneapolis -0.28%. The price of corn contract in Chicago dropped by 1.01%, rice by 3.00%. Russian FOB Black Sea prices: wheat +0.12%, barley unchanged, corn -2.00%. The wheat price index CPT Novorossiysk increased by 0.70%.

24 February 2025 24 February 2025

During the reporting week from 14.02.25 to 21.02.25, world prices for wheat were decreasing. The following price changes occurred:

The price of a contract for corn in Chicago (CBOT, ZC) fell to 491.25 cents/bushel (-1.01%). The price of rice in Chicago (CBOT, ZR) decreased to $13.60/cwt (-3.00%).

Russian "FOB Black Sea" prices:

  • Price of wheat increased to $241.20/ton (+0.12%);
  • Price of barley remained unchanged at $204.00/ton (+0.00%);
  • Price of corn dropped to $220.90/ton (-2.00%);

Russian wheat price index CPT Novorossiysk rose to 18334 rubles/ton (+0.70%).

Domestic purchase prices in Russia for the reporting period:

GRAIN MARKET NEWS

The Ministry of Agriculture of the Russian Federation proposed to reduce the minimum prices for grain purchases in the state fund in the next agricultural year 2025/26. A corresponding order was prepared, approved by the Government in 2025, allowing the sale of up to 3 million tons of grain from the state fund.

• Flour milling enterprises are facing mass bankruptcies and a reduction in flour exports due to lack of preferential lending and restrictions on subsidizing transport costs. The Union of Flour and Groats Enterprises sent a letter to the Minister of Agriculture requesting state support. Otherwise, they believe it will be difficult to maintain export volumes at the level of the previous year. The Ministry of Agriculture of the Russian Federation stated that information about the exclusion of the flour-milling industry from the preferential credit system for agriculture is inaccurate.

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