
Ukrainian wheat exports from July to December 2025 totaled about 7.8 million tonnes, 20% below the prior year and 47% of the annual export potential. Main buyers are Egypt, Indonesia and Algeria, with little EU demand, while Australian and Argentine wheat add competitive pressure.
Slower Ukrainian exports and heavy competition from Southern Hemisphere supply weigh on wheat prices, though remaining Ukrainian stocks are sufficient for later shipments.
After 375 past bearish trade events, Wheat (SRW) moved a median -0.2% over 5 sessions (47% higher; middle half -2.0% to +1.1%), and -0.1% over 20.
After 82 past bearish trade events, Wheat (HRW) moved a median -0.3% over 5 sessions (48% higher; middle half -2.8% to +1.9%), and +0.1% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.