Core Insights - The Russian Minister of Agriculture forecasts that wheat production will reach 90 million tons by 2025 [1] Group 1 - The expected increase in wheat production indicates a significant growth trajectory for the agricultural sector in Russia [1] - This projection may impact global wheat supply dynamics, potentially influencing prices and trade relationships [1]

Core Viewpoint - Wheat prices have declined from a seven-week high due to improved yield expectations in Russia, the world's largest wheat exporter, driven by favorable weather conditions [1] Price Movement - Chicago wheat futures fell by 2.7% to $5.40 per bushel, marking a decrease from the peak levels seen since mid-April [1] Market Dynamics - Prior to this decline, grain prices had been on an upward trend, largely due to optimistic expectations that competitively priced U.S. wheat would boost global demand [1] - However, the ample supply from Russia may hinder U.S. exporters from expanding their sales further [1]

阿根廷布宜诺斯艾利斯粮食交易所：阿根廷2025/26年度小麦产量预计为2050万吨，创历史第二高纪 录。 ...