Global agricultural trade is undergoing accelerated realignment following Argentina’s temporary suspension of export tariffs on wheat, corn, soybeans, and soybean products. The USD 7 billion export threshold — initially planned through the end of October — was reached within days, prompting a rapid reinstatement of tariffs and triggering turbulence across international markets.

China moved decisively, purchasing 1.3 million tons of Argentine soybeans, with deliveries expected through late 2025. This shift reshapes trade routes and increases pricing pressure across Europe.

Amid strong crop outlooks in the EU, Russia, the US, Argentina, Australia, and Canada, market prices remain under sustained pressure:
• Wheat Euronext (Dec 2025): €189.50/t
• Corn (Nov 2025): €186/t
• Rapeseed (Nov 2025): €471/t
• Russian wheat 12.5% protein: $228–229/t FOB

The EU has raised its soft wheat forecast to 132.6 million tons, with exports projected at 30.1 million tons. Russia has already harvested 87 million tons toward its 90-million-ton target.

VERUM AGRO Trading, part of Verum Group, is conducting an integrated impact assessment on regional supply chains and commercial strategy frameworks.

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