Market update week 50
The Argus Media conference provided initial estimates for 2025–26 wheat production in the Black Sea region, based on findings from autumn crop tours:
• Russia: 81.5 million tons, compared to 81.3 million tons in 2024–25
• Ukraine: 23.7 million tons, compared to 22.3 million tons in 2024–25
• Romania: 11.12 million tons, compared to 10.08 million tons in 2024–25
The Argus Media conference provided initial estimates for 2025–26 wheat production in the Black Sea region, based on findings from autumn crop tours:
• Russia: 81.5 million tons, compared to 81.3 million tons in 2024–25
• Ukraine: 23.7 million tons, compared to 22.3 million tons in 2024–25
• Romania: 11.12 million tons, compared to 10.08 million tons in 2024–25
Traffic on the Moselle River has been halted, likely until the end of March, due to an incident at the Müden lock. On Sunday, December 8th, a motor vessel carrying scrap metal collided with one of the lock gates shortly after 1 p.m. By early Monday morning, approximately 70 vessels were stranded on the Moselle, unable to continue towards the Rhine.
Traffic on the Moselle River has been halted, likely until the end of March, due to an incident at the Müden lock. On Sunday, December 8th, a motor vessel carrying scrap metal collided with one of the lock gates shortly after 1 p.m. By early Monday morning, approximately 70 vessels were stranded on the Moselle, unable to continue towards the Rhine.
Prices saw an increase following trends in the American market, primarily driven by rising corn prices. Global carryover stocks are now projected to decline compared to last month, with reductions anticipated particularly in the USA, China, and, to a lesser extent, Europe. In Europe, the American Department of Agriculture has revised production estimates downward to 58 Mt. This reduced harvest is expected to lead to an increase of +0.5 Mt in import volumes, reaching 19.5 Mt for the campaign—nearly matching last year’s level of 19.79 Mt, according to the USDA.
Prices saw an increase following trends in the American market, primarily driven by rising corn prices. Global carryover stocks are now projected to decline compared to last month, with reductions anticipated particularly in the USA, China, and, to a lesser extent, Europe. In Europe, the American Department of Agriculture has revised production estimates downward to 58 Mt. This reduced harvest is expected to lead to an increase of +0.5 Mt in import volumes, reaching 19.5 Mt for the campaign—nearly matching last year’s level of 19.79 Mt, according to the USDA.