Wheat exchange quotations are rising and supporting purchase prices in Ukraine.

Last week, wheat quotations on US exchanges actively grew on expectations of the signing of a trade agreement between the US and China at the end of October, which also supported prices in Ukraine. At the same time, the markets did not react to the new increase in the forecast of global wheat production in 2025/26 MR from IGC from 819 to 827 million tons (compared to 800 million tons in the previous season). December futures for wheat in the US, after falling two weeks ago to the lowest level since 2020, grew by 2-5% over the week, specifically: It should be noted that March futures are trading at 3%, 3.5%, 2.6%, and 1.5% more expensive than December futures, respectively, which confirms the expectation of further price increases in the second half of the season. During October 17-23, wheat exports from the US decreased by 47.6% compared to the previous week to 258.5 thousand tons, and in total for 2025/26 MR reached 11.463 million tons, which is 19.4% ahead of last year's pace. ...