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12 June 20263 min reading
Wheat leads renewed rise in global cereal prices
Global food commodity prices remained broadly stable in May, but cereal markets moved in the opposite direction as wheat, maize and rice quotations all increased, according to the latest data from the Food and Agriculture Organization of the United Nations.
12 June 202610 min reading
Türkiye’s 2026 grain harvest brings abundance, but quality and market risks remain
At HUBUDER’s Ankara conference, Türkiye’s grain, flour, pasta and bulgur sectors discussed the 2026 harvest outlook, with speakers pointing to stronger production prospects, high durum wheat stocks and a more comfortable supply picture.
11 June 20265 min reading
AgPulse, EdoxOnline and Javelot awarded for grain trade digitalisation
The global initiative, led by the IGC and IMEAA Ecosystem, spotlighted innovative technology-driven solutions in grains trade digitalisation. The inaugural challenge awarded AgPulse, EdoxOnline and Javelot for their work in market intelligence, trade documentation, interoperability, grain storage and logistics optimisation.
11 June 202610 min reading
Importer leverage grows in well-supplied wheat market
At the 2026 IGC Grains Conference in London, speakers said ample wheat availability and large carryover stocks are changing buyer behaviour in global wheat trade.
Cover Story
COVER STORY
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13 May 20268 min reading
The Global South’s unscheduled opportunity
The old order is fracturing. The Global South has a window. It may not stay open for long.
13 May 202622 min reading
The road to 2050: Rethinking the future of grains, oilseeds, and the milling industry
The next 25 years will not simply be a continuation of the last 25. The grains and oilseeds industry has been transformed by scale, consolidation, logistics and technology. The road to 2050, however, will be shaped by slower demand growth, shifting geography, continued yield gains, changing diets, energy uncertainty, digital disruption and a gradual rebalancing of power from the supply side to the demand side.
12 May 20269 min reading
Reshaping global grain trade
For the better part of twenty years, the rules of global grain trade were fairly simple: production shocks happened, prices reacted, and grain moved from where it was grown to where it was needed with a certain predictable rhythm.
10 April 20268 min reading
The smarter path to sustainable flour milling
For Silvan Trunz, sustainability in flour milling is not a separate agenda, but a smarter way of running the mill with less energy, less waste, and greater transparency. In this interview, the Head of Sustainability at Bühler Milling Solutions explains why the biggest gains will come from better yield control, digital monitoring, and more intelligent process management across the entire milling system.
Interview
INTERVIEW
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14 May 202624 min reading
Hormuz tensions expose global food supply vulnerabilities
Sudhakar Tomar, President of the India Middle East Agri Alliance (IMEAA) Ecosystem, says the Middle East conflict and pressure on the Strait of Hormuz have exposed deeper vulnerabilities in global food and fertilizer supply chains, raising risks for grain, pulses and feed markets from the Gulf to South Asia and Africa.
09 April 202618 min reading
Peter Lloyd: A life in milling, a guide for the future
In this exclusive interview with Miller Magazine, Peter Lloyd, Regional Technical Director at U.S. Wheat Associates, reflects on nearly five decades in flour milling, sharing the lessons, values, and practical insights he has gathered across generations of industry change.
08 April 20267 min reading
Hormuz shock adds cost pressure to global wheat trade
While the immediate impact on wheat prices remains relatively limited, the Hormuz crisis is pushing up freight, fuel, insurance and fertilizer costs, adding a new layer of pressure to global trade. Benoît Fayaud of Expana warns that the bigger risk lies not in current wheat flows, but in shrinking farm margins, quality risks and weaker planting incentives that could weigh more heavily on the 2026/27 and especially 2027/28 wheat outlook.
06 March 20267 min reading
Gafta pushes digital documentation and sustainability in a volatile grain trade
Gafta’s new President Brian Arnold tells Miller Magazine the association will prioritise sustainability and the shift to digital trade documentation, highlighting progress on e-phyto certificates while urging wider legal recognition of electronic bills of lading and stricter contract discipline to reduce delays and disputes.
Article
ARTICLE
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13 May 202611 min reading
Is the grain market pricing fear or reality?
In today’s market, price is no longer driven by supply and demand alone, but also by money flows, geopolitics, energy disruption and weather risk. While the Iran war has fueled stagflation fears and speculative buying across agricultural futures, global wheat, corn and soybean fundamentals remain broadly adequate.
09 April 20265 min reading
Domestic milling transforms global flour trade
World wheat flour trade is set to decline for a second straight year in 2025/26, dropping to 16.0 million tonnes ((wheat equivalent), a four-year low, as structurally weaker demand in Iraq and Sudan reflects a broader shift toward domestic milling and wheat grain imports.
06 March 20265 min reading
Whole wheat bread campaign in Türkiye: A strategic transformation from regulation to consumer experience
Transitioning to whole wheat flour is not simply about raising extraction rates; it requires a fundamental redesign of process discipline and functional performance.
06 March 20268 min reading
How macroeconomic imbalances affect the wheat value chain
When macroeconomic balances deteriorate, the effects spread across the wheat value chain: input costs rise, financing burdens deepen, public regulation becomes more expensive, and milling margins come under pressure.
Country Profile
COUNTRY PROFILE
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18 May 202611 min reading
Türkiye’s grain market shifts as wheat outlook improves
After a drought-hit 2025 crop, Türkiye is entering the 2026/27 season with wheat production expected to rebound to around 22.75–23.25 million tonnes and barley output also recovering strongly, supported by above-average rainfall and expanded winter crop area.
13 April 20266 min reading
China’s new grain equation: Balancing self-sufficiency and rising feed demand
China is trying to secure staple grain supplies at home while meeting the rising needs of a feed-intensive animal protein economy.
06 March 20264 min reading
Indian wheat outlook for MY 2026/27
As India enters the marketing year (MY) 2026/27 (April 2026 to March 2027), the wheat sector stands at a pivotal juncture, balancing robust production prospects with evolving trade policies and market dynamics.
09 February 202612 min reading
Egypt’s flour milling industry: Intense domestic competition, strategic export focus
Speaking to Miller Magazine, Ahmed El-Sebaie describes a crowded Egyptian flour market where intense competition is squeezing prices.
Technology Platform
TECHNOLOGY PLATFORM
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13 January 202610 min reading
Tanis Milling brings next-generation grain processing technologies to global markets
Based in Gaziantep and run by the third generation of the Tan family, Tanis Milling Technologies has grown into a global player, supplying turnkey flour, semolina, corn, pulses and feed plants to investors in more than 70 countries.
13 January 20265 min reading
Milling training moves into the data era
In an exclusive interview with Miller Magazine, Dario Grossmann, Head of Bühler’s Milling Academy in Uzwil, said milling training is moving beyond hands-on mechanics to encompass process understanding, data interpretation, traceability and automation.
01 December 20258 min reading
SIMEZA turns 50: From Spanish silo pioneer to global storage partner
Celebrating its 50th anniversary in Zaragoza, Spanish silo specialist SIMEZA has evolved from a local steel pioneer into a global storage partner for millers and grain handlers on five continents.
13 February 20255 min reading
The Future of Milling: Smarter, Greener, More Efficient
“The modernization of milling technologies represents a strategic lever for a more efficient and sustainable industry,” Luigi Nalon, CEO of Omas Industries, told Miller Magazine.
Market Analysis
MARKET ANALYSIS
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08 June 20269 min reading
Global grain markets enter transitional phase as risks build for 2027
Speaking at the HUBUDER Conference in Ankara, organized by the Turkish Grain Suppliers Association, AgResource President Dan Basse said global grain markets are entering a transitional phase in which adequate near-term supplies are masking deeper risks for 2027 and beyond.
13 May 20266 min reading
Ukraine’s 2025/26 barley exports set to hit near two-decade low
The Ukrainian barley market this season leaves very little space for debate — it points to one clear conclusion: this is the weakest season in almost twenty years.
28 April 20266 min reading
Global grain markets remain well supplied, but risks are building for next season
Speaking at EuroGrainExchange in Bucharest, Peter Clubb, Market Analyst at the International Grains Council (IGC), said global grain markets are entering the new season with comfortable supplies and relatively low prices following record crops in 2025/26.
08 April 202616 min reading
Hormuz disruption: Shared lessons for Black Sea grain traders
In 2022, the grain market watched grain vessels stranded in the Black Sea Ukrainian ports. In early 2026, attention shifted to oil tankers, fertilizer flows, and insurance costs around the Strait of Hormuz. The source of disruption has changed. The lessons, however, are largely the same.
Idma Today
IDMA TODAY
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11 June 20245 min reading
IDMA Today and BBM Mutfak bring dynamism and flavors to IDMA
At IDMA Istanbul, the industry witnessed the debut of two initiatives by Parantez Media:
09 May 20243 min reading
TABADER hosts 5th Doyens Award Night
Simultaneously organized with IDMA Istanbul, the fifth edition of TABADER’s now customary Doyens Award Ceremony took place on May 2nd at Wow Hotel.
08 May 20244 min reading
IDMA Istanbul hosts pulse of grain processing industry with 10,000 visitors from 120 countries
The global grain processing industry convened in Istanbul. The domestic sector, specializing in flour, grain, feed, pulses production equipment, and milling machinery, crucially exporting 90 percent of its output, gathered with over 10,000 professionals from 120 countries at the 10th IDMA Istanbul.
04 May 20242 min reading
Turkish-Moroccan flour industry bond strengthened at IDMA Expo
In an exclusive interview during the IDMA Expo in Istanbul, Moulay Abdelkadir Alalaoui, President of the Moroccan Flour Milling Federation (FNM), provides a comprehensive overview of the state of flour milling in Morocco and its relationship with Turkey.

BLOG

CME Announces New Black Sea Grain Futures With Platts

14 December 20172 min reading

CME Group, the world’s leading and most diverse derivatives marketplace, announced the launch of Black Sea Wheat FOB (Platts) and Black Sea Corn FOB (Platts) financially settled futures contracts, to begin trading on December 18, 2017.

CME Group will launch this month Black Sea wheat and corn futures based on Platts price benchmarks to extend its presence in a booming export region.The cash-settled contracts will begin trading on Dec. 18, subject to regulatory clearance, the exchange said on 13th November. The wheat contract will be based on Platts Russian Wheat 12.5 percent protein FOB (free on board) Black Sea Deep Water daily price assessment. The corn contract will be based on the Platts Ukrainian Corn FOB Black Sea daily assessment. The contracts will be denominated in U.S. dollars, have 50- tonne lots, and be tradeable for off-screen deals with a minimum of five lots. The Black Sea contracts would also offer two settlement periods, whereby 12 whole-month positions and 24 half-month positions are available to trade The Black Sea crop region, which encompasses Russia and Ukraine, is set to extend its export reach further into 2017/18 as Russia shifts a record wheat harvest. The region’s growing stature on global grain markets has fueled interest in pricing tools, and S&P Global Platts announced this year a first over-the-counter (OTC) swap trade for Black Sea wheat using its price assessment.