Wheat exchange quotations in the USA are rising due to expectations of demand from China, while in Ukraine they are rising due to low supply.

For the second consecutive week, wheat quotations on US exchanges have been actively rising. This is against the backdrop of information from Bloomberg that China, in addition to soybeans, may also be buying American wheat. During the week, December wheat futures on exchanges rose: Prices were also supported by an export inspection report: from October 24-30, wheat exports from the US increased by 30% compared to the previous week to 350.3 thousand tons, and overall in the 2025/26 MY reached 11.825 million tons, which is 20.5% ahead of last year's pace. Meanwhile, December wheat futures on the Euronext exchange in Paris rose by only 0.1% over the week to €193.75/t or $223/t (+3.2% for the month), as the significant supply of Black Sea wheat limits exports from the EU. SovEcon experts have raised their forecast for the 2025 wheat crop in Russia to 87.8 million tons, with wheat exports in October potentially reaching 5 million tons. In October, Ukraine exported 1.45 million tons of ...