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Ukraine’s corn exports are projected to rise in the 2025-26 marketing year (October-September) from last season, as higher production and ample supply are expected to offset harvest delays and ongoing logistical disruptions, according to S&P Global Energy CERA analysts.

Russia’s wheat production is expected to edge lower in the 2026-27 marketing year (July–June) as farmers shift acreage and investment toward higher-margin oilseeds, potentially tightening global supply even as Black Sea exports remain heavy, according to an S&P Global Energy analysis.

The newly launched Platts Milling Wheat Marker delivers a transparent and unified benchmark that captures the most competitive export prices across key Black Sea ports — including Russia, Ukraine, Romania, and Bulgaria — a region that serves as the backbone of global wheat trade.