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15 June 20262 min reading
Comfortable corn supplies weigh on markets, wheat finds support
The global agricultural value chain has crossed an irrevocable threshold, transitioning away from traditional cyclical corrections into an environment of permanent, structural volatility.
15 June 20267 min reading
Commodity Week World 2026 highlights structural volatility in global agribusiness
The global agricultural value chain has crossed an irrevocable threshold, transitioning away from traditional cyclical corrections into an environment of permanent, structural volatility.
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.
Cover Story
COVER STORY
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16 June 202618 min reading
The future of flour: Adapting to shifting grain and consumer trends
As wheat quality becomes more variable and consumers demand healthier, safer and more functional products, flour millers are being pushed to move beyond volume alone. The future of flour will still be built on standard white flour, but growth and differentiation will increasingly come from consistency, functionality, nutrition, food safety, digital decision-making and customer-specific solutions.
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.
Interview
INTERVIEW
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16 June 202615 min reading
Argentina aims to expand grain exports while adapting to new trade rules
Gustavo Idígoras, President of CIARA-CEC, says Argentina is entering a new phase in global grain and oilseed trade. As export taxes are gradually reduced, the country sees the potential to lift annual production from 160 million tonnes to 200 million tonnes, while strengthening wheat exports, diversifying markets and using traceability platforms to respond to EUDR and other sustainability requirements.
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.
Article
ARTICLE
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16 June 20266 min reading
The end of the casino era: Why risk management is the new grain trading reality
After the exceptional margins of 2022 and 2023, the grain trade has entered a far more demanding cycle. The easy-money period created the illusion that direction alone was enough, but the past two seasons have shown otherwise.
16 June 202613 min reading
The new commodity in grain markets: Clarity
Commodity markets run on information and competitive advantage hinges on access to data. But today’s problem is no longer access to information – it’s being able to find the vital clue amid an increasingly cluttered landscape. The real advantage lies in filtering the noise to find the signals that really move markets.
16 June 20267 min reading
For fertilisers this year… the key word is GAS!
For fertilisers this year, the key word is no longer oil… it is gas. From the Strait of Hormuz to Brazil’s planting window, tightening supply, higher input costs and fragile energy flows may shape not only fertiliser markets, but also the outlook for grain production and food prices in 2026 and beyond.
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.
Country Profile
COUNTRY PROFILE
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16 June 202612 min reading
Romania and Bulgaria grain sector 2026/27: Strong crops, tight margins and shifting market dynamics
Strong production prospects and large carry-over stocks will ensure comfortable supply in Romania and Bulgaria for the 2026/27 season, but the real test lies beyond production.
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.
Technology Platform
TECHNOLOGY PLATFORM
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16 June 202612 min reading
‘Milling will remain Bühler’s most important business’
In an exclusive interview with Miller Magazine, Samuel Schär, who took over as CEO of Bühler Group in January, shares his vision for the company and the global milling industry.
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.
Market Analysis
MARKET ANALYSIS
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19 June 20265 min reading
Ukraine’s grain market at a crossroads: High stocks, narrowing margins and the search for new demand
As the 2025/26 marketing year draws to a close, Ukraine’s grain sector finds itself in an unusual position. Despite ongoing war-related disruptions, the country has managed to maintain stable production and export flows. However, elevated carryover stocks, growing competition from Russia and the European Union, and increasingly selective buying behavior in key destination markets are putting unprecedented pressure on margins across the supply chain. For traders, the question is no longer how to move grain out of Ukraine, but how to remain profitable in a market where buyers increasingly dictate prices.
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.
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.

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14 January 2026 2 min reading

Cost-in-use is king: Why millers should look beyond FOB/CFR prices

Millers chasing the cheapest cargo risk paying more once extraction, consistency and milling behaviour are factored into the plant’s economics, Fabien Varagnac, founder of Grains & Flours Insights and a respected milling consultant with nearly two decades of hands-on experience, told delegates at IAOM MEA 2025.

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Cost-in-use is king: Why millers should look beyond FOB/CFR prices

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Categories

Comfortable corn supplies weigh on markets, wheat finds support

Commodity Week World 2026 highlights structural volatility in global agribusiness

Wheat leads renewed rise in global cereal prices

Türkiye’s 2026 grain harvest brings abundance, but quality and market risks remain

The future of flour: Adapting to shifting grain and consumer trends

The Global South’s unscheduled opportunity

The road to 2050: Rethinking the future of grains, oilseeds, and the milling industry

Reshaping global grain trade

Argentina aims to expand grain exports while adapting to new trade rules

Hormuz tensions expose global food supply vulnerabilities

Peter Lloyd: A life in milling, a guide for the future

Hormuz shock adds cost pressure to global wheat trade

The end of the casino era: Why risk management is the new grain trading reality

The new commodity in grain markets: Clarity

For fertilisers this year… the key word is GAS!

Is the grain market pricing fear or reality?

Romania and Bulgaria grain sector 2026/27: Strong crops, tight margins and shifting market dynamics

Türkiye’s grain market shifts as wheat outlook improves

China’s new grain equation: Balancing self-sufficiency and rising feed demand

Indian wheat outlook for MY 2026/27

‘Milling will remain Bühler’s most important business’

Tanis Milling brings next-generation grain processing technologies to global markets

Milling training moves into the data era

SIMEZA turns 50: From Spanish silo pioneer to global storage partner

Ukraine’s grain market at a crossroads: High stocks, narrowing margins and the search for new demand

Global grain markets enter transitional phase as risks build for 2027

Ukraine’s 2025/26 barley exports set to hit near two-decade low

Global grain markets remain well supplied, but risks are building for next season

IDMA Today and BBM Mutfak bring dynamism and flavors to IDMA

TABADER hosts 5th Doyens Award Night

IDMA Istanbul hosts pulse of grain processing industry with 10,000 visitors from 120 countries

Turkish-Moroccan flour industry bond strengthened at IDMA Expo

BLOG

Articles in Fabien Varagnac Tag

Cost-in-use is king: Why millers should look beyond FOB/CFR prices