Wheat prices fall amid increased rainfall in the US, Ukraine and the Russian Federation, which increases pressure on prices in Ukraine

Published Mar 25, 2025

Tridge summary

Wheat prices on world exchanges have dropped by 1.8-2.2% this week due to increased precipitation in winter wheat-growing areas in the US, Ukraine, and Russia, with a total decrease of 4.3-7.1% in two weeks. This decrease is putting pressure on export prices in Ukraine, which had seen a rapid growth but have now fallen. However, the drop in Ukrainian wheat prices is being supported by limited supply and rising prices for Russian grain, especially with Turkey's removal of import duties. The expected precipitation in Ukraine and the Russian Federation is expected to reduce the speculative weather factor and allow farmers to accelerate wheat sales. The Institute of Agricultural Market Conditions (ICAR) has also increased its forecast for the wheat harvest in the Russian Federation in 2025 by 1.5 million tons.

Disclaimer: The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Wheat prices on world exchanges started the week down 1.8-2.2% amid increased precipitation in winter wheat growing areas in the US, Ukraine and the Russian Federation, as well as forecasts of more precipitation in the coming week. In total, prices fell by 4.3-7.1% in two weeks, which increased pressure on export prices in Ukraine, which began to fall after a week of rapid growth. Over the past week, the number of winter wheat crops in good or excellent condition in Kansas increased by 1% to 49%, and in Texas by 3% to 31%. May wheat futures fell yesterday: In Ukraine, export asking prices fell by 50-100 UAH/t yesterday to 10,700-10,800 UAH/t or $226-228/t for feed wheat and to 11,000-11,200 UAH/t or $223-237/t for food wheat (-$6-8/t for the week). Ukrainian wheat prices are supported by limited supply and rising prices for Russian grain due to Turkey's removal of import duties. According to Rusagrotrans, export prices for Russian wheat with 12.5% protein and delivery in ...

Source: Graintrade