Russia's decision to plant less wheat will have direct implications for global wheat prices and inflation in major buyers like Egypt as Russia is the world’s top exporter of the grain. | Getty Images

Russian farmers ditch wheat for other crops

MOSCOW/IRTYSH (Reuters) – Russian farmers say they will sow less wheat after heavy losses this year, switching to more profitable crops such as peas, lentils, or sunflowers. Such decisions will have direct implications for global wheat prices and inflation in major buyers like Egypt as Russia is the world’s top exporter of the grain. The […] Read more

The wheat market will likely begin to reflect the concerns about the 2025 crop early in the new year. Until then, it will likely move relatively in step with corn futures.  |  File photo

Wheat markets continue to ignore poor global outlook

Crops are in trouble around the world, including in the United States, Russia, Europe, Australia and Argentina

Wheat markets have sold off during the past two weeks, and one would think that crop prospects have dramatically improved since last month. Have the Southern Hemisphere harvest prospects dramatically improved? Maybe the 2025 winter wheat planting conditions in the Northern Hemisphere have turned around the situation at the last minute. Neither situation has occurred, […] Read more

The world's largest importer has struck a deal to buy 3.12 million tonnes of Black Sea wheat from November to April, according to Reuters. | Reuters photo

Egyptian purchase helps wheat rally

Major deal partly explains futures price hike despite Ag Canada adding 2.8 million tonnes to the country's wheat supply

SASKATOON — Egypt has set the tone for the 2024-25 wheat market. The world’s largest importer has struck a deal to buy 3.12 million tonnes of Black Sea wheat from November to April, according to Reuters. Related stories: Egypt’s General Authority for Supply Commodities (GASC) will be importing 510,000 tonnes per month from the region […] Read more


Total wheat output is projected to reach about 34.4 million tonnes, compared with 32.9 million in 2023, Statistics Canada said in a survey based in part on satellite and agroclimatic data. Analysts polled by Reuters expected 35.125 million. | File photo

Wheat output to increase

CHICAGO, Ill. (Reuters) — Canadian wheat production will increase more than four per cent this year, Statistics Canada said last week, less than analysts had expected at a time when global supplies are expected to reach a nine-year low. Total output is projected to reach about 34.4 million tonnes, compared with 32.9 million in 2023, […] Read more

Grain processors in Bangladesh and Indonesia are taking Black Sea wheat largely to mill into flour, while importers in the Philippines, Thailand and Vietnam have been booking feed wheat cargoes.  |  Reuters/ Habibur Rahman photo

Falling wheat prices encourage Asian customers to buy

Bangladesh among region’s top importers as a steep drop in prices in recent weeks spurs importers to book shipments

SINGAPORE (Reuters) — Asian wheat buyers have stepped up purchases in recent weeks, taking cargoes from the Black Sea region as they returned to the market after a long gap, drawn by a fall in global prices. Regional millers producing flour and animal feed have signed deals to buy close to one million tonnes of […] Read more


Eric Smith sowing oats at Silver Smith Farms, a grain and cattle property near Byemoor, Alta. on June 4, 2024. Wheat seeding in Canada was a little late but is now mostly in the ground and benefiting from a much improved moisture profile.  |  Annabel O'Dea photo

Market assesses impact of Russia’s smaller wheat crop

The weather has not co-operated for Russia’s wheat growers and the country might produce the smallest crop since 2021. Killer frosts, drought and excess moisture in various regions of Russia have trimmed yield prospects. The winter wheat crop in dry southern regions near the Black Sea are in the filling stage while spring wheat seeding […] Read more

Wheat prices in Chicago gained 33 per cent in the past two months after falling to a four-year low, supported by mounting concerns about lower production.  |  File photo

‘Weather market’ resumes role as price driver

The market is closely watching production problems around the world, including Russia, Europe, Argentina and the U.S.

GENEVA, Switzerland (Reuters) — Weather hiccups in major cereal producers have cast a doubt on prospects of a global grain glut and made fundamentals regain their status of key market drivers after being surpassed by politics, notably the war in Ukraine, analysts say. Wheat prices in Chicago gained 33 per cent in the past two […] Read more

"The bottom line is, it comes back to Russia. Are they going to be able to have a big enough crop again this year to dominate world exports and hold prices down, or not?" DTN lead analyst Todd Hultman said during a recent webinar. "That's going to be the key." |  Reuters photo

Wheat price outlook hinges on Russia

The market has already begun to respond as dry conditions and now frost significantly threaten production this year

SASKATOON — The 2024-25 wheat market outlook hinges on one key question. “The bottom line is, it comes back to Russia. Are they going to be able to have a big enough crop again this year to dominate world exports and hold prices down, or not?” DTN lead analyst Todd Hultman said during a recent […] Read more


Argentina and China agreed on a phytosanitary protocol in October 2023 paving the way for Argentinian wheat to be imported by the Asian giant. That was followed by a January 2024 announcement that China added several Argentine companies to its list of approved exporters. | File photo

China opens wheat door to Argentina

SASKATOON — There is a new competitor in Canada’s top wheat market, but an analyst isn’t too concerned about the threat. Argentina and China agreed on a phytosanitary protocol in October 2023, paving the way for Argentine wheat to be imported by the Asian giant. Related stories: China, Indonesia to remain top wheat buyers Watch […] Read more

"The rapid emergence of Brazil as a [wheat] exporter in Indonesia and other foreign markets has been remarkable," the U.S. Department of Agriculture stated in its recent Grain: World Markets and Trade report.  |  File photo

Brazil muscles its way into global wheat market

SASKATOON — Canadian wheat exporters are facing a new competitor in their second biggest market. “The rapid emergence of Brazil as an exporter in Indonesia and other foreign markets has been remarkable,” the U.S. Department of Agriculture said in its recent Grain: World Markets and Trade report. Indonesia bought 2.14 million tonnes of bulk wheat […] Read more