Global Ag News For April 28.2026

TOP HEADLINES

Zelenskiy Tells Israel Ukraine Readies ‘Stolen’ Grain Sanctions

A second vessel carrying grain stolen from Russia-occupied areas in Ukraine has arrived at a port in Israel and is preparing to unload, President Volodymyr Zelenskiy says on X.

• “The Israeli authorities cannot be unaware of which ships are arriving at the country’s ports and what cargo they are carrying”
• This business is illegitimate, Ukraine will inform all partners about the situation
• Ukraine to prepare sanctions on those transporting stolen grain and profiting from it
• Ukraine to coordinate with European partners to ensure that relevant individuals are included into European sanctions

 

FUTURES & WEATHER

Wheat prices overnight are up 10 1/2 in SRW, up 13 3/4 in HRW, up 0 in HRS; Corn is up 3; Soybeans down 3; Soymeal down $0.10; Soyoil up 0.17.

For the week so far wheat prices are up 23 3/4 in SRW, up 19 1/4 in HRW, up 0 in HRS; Corn is up 8 3/4; Soybeans up 10 1/2; Soymeal up $8.50; Soyoil up 0.50.

For the month to date wheat prices are up 13 3/4 in SRW, up 40 1/4 in HRW, up 1/4 in HRS; Corn is up 4; Soybeans up 3; Soymeal up $13.40; Soyoil up 2.96.

Year-To-Date nearby futures are up 24.7% in SRW, up 32.3% in HRW, up 18.5% in HRS; Corn is up 5.3%; Soybeans up 13.9%; Soymeal up 13.4%; Soyoil up 50.7%.

Chinese Ag futures (JUL 26) Soybeans up 29 yuan; Soymeal up 15; Soyoil down 7; Palm oil down 65; Corn up 6 — Malaysian Palm is down 7.

Malaysian palm oil prices overnight were down 7 ringgit (-0.15%) at 4527.

There were changes in registrations (-46 Soyoil, -125 Soymeal). Registration total: 34 SRW Wheat contracts; 93 Oats; 173 Corn; 523 Soybeans; 914 Soyoil; 0 Soymeal; 22 HRW Wheat.

Preliminary changes in futures Open Interest as of April 27 were: SRW Wheat down 676 contracts, HRW Wheat up 136, Corn down 18,747, Soybeans down 12,340, Soymeal down 4,965, Soyoil down 6,062.

 

DAILY WEATHER HEADLINES: 27 APRIL 2026

• NORTH AMERICA: A severe weather outbreak in the Midwest today will bring tornadoes, winds, and hail to a lot of spring planting areas which will briefly slow progress, but flooding is not a major threat this time around
• SOUTH AMERICA: Cool to moderate temperatures will prevail across Argentina through the next couple weeks, with minimal impacts on the corn/soybean harvest
• EAST ASIA: China temperatures will oscillate on either side of normal through the next 15 days and rainfall will be moderate in the Northeast region to the benefit of corn plantings
• SOUTH ASIA: Increasingly cool India temperatures through 10-15 days will facilitate wheat planting progress, while rainfall will be modest in most areas
• TELECONNECTIONS: Ocean Heat Content (OHC) continued to rise last month to levels supportive of at least a moderate El Niño event, but a strong El Niño will become likely if OHC warming continues much longer

 

Northern Plains: Isolated to scattered showers Monday. Isolated showers Tuesday-Thursday. Mostly dry Friday. Temperatures below to well below normal through Tuesday, below normal Wednesday-Thursday, near to below normal Friday. Outlook: Isolated showers Saturday-Wednesday. Temperatures near to above normal Saturday, near to below normal Sunday-Wednesday.

Central/Southern Plains: Isolated to scattered showers through Friday. Temperatures near to below normal north and above normal south through Tuesday, near to below normal Wednesday, below normal Thursday-Friday. Outlook: Isolated to scattered showers Saturday-Wednesday. Temperatures near to below normal Saturday-Wednesday. 

Midwest – West: Isolated to scattered showers through Tuesday. Mostly dry Wednesday. Isolated showers Thursday. Mostly dry Friday. Temperatures near to above normal Monday, below normal Tuesday-Friday.

Midwest – East: Isolated to scattered showers through Wednesday. Mostly dry Thursday. Isolated showers Friday. Temperatures above normal Monday, near to above normal Tuesday, near to below normal Wednesday, below normal Thursday-Friday. Outlook: Mostly dry Saturday. Isolated to scattered showers Sunday-Wednesday. Temperatures near to below normal Saturday-Wednesday.

Delta: Isolated to scattered showers through Friday. Temperatures above normal through Tuesday, near normal Wednesday, below normal Thursday-Friday. Outlook: Isolated to scattered showers Saturday. Mostly dry Sunday-Monday. Isolated to scattered showers Tuesday-Wednesday. Temperatures below normal Saturday-Monday, near normal Tuesday-Wednesday.

Brazil -Rio Grande do Sul and Parana: Isolated to scattered showers through Tuesday. Mostly dry Wednesday-Thursday. Isolated showers Friday. Temperatures near to below normal Monday-Wednesday, near to above normal Thursday, above normal Friday.

Brazil – Mato Grosso, MGDS and southern Goias: Isolated showers northwest through Friday. Temperatures above normal through Friday. 

Argentina – Cordoba, Santa Fe, Northern Buenos Aires: Mostly dry Monday-Tuesday. Isolated showers Sunday. Mostly dry Thursday-Friday. Temperatures below normal through Wednesday, near normal Thursday, near to above normal Friday.

Argentina – La Pampa, Southern Buenos Aires: Mostly dry Monday-Tuesday. Isolated showers Sunday. Mostly dry Thursday-Friday. Temperatures below normal through Wednesday, near normal Thursday, near to above normal Friday.

 

The player sheet for 4/27 had funds: net buyers of 5,500 contracts of SRW wheat, buyers of 13,000 corn, buyers of 13,000 soybeans, buyers of 8,000 soymeal, and buyers of 3,500 soyoil.

TENDERS

• WHEAT PURCHASE: Saudi Arabia’s main state buying agency, the General Food Security Authority (GFSA), said it bought 985,000 metric tons of wheat in an international tender. This was above the 710,000 tons from sought in the tender. Delivery is scheduled between June and August, the authority said. Shipment was limited to Saudi Arabian Red Sea ports to avoid the blocked Strait of Hormuz at the entrance to the Gulf.
• FEED WHEAT PURCHASE: An importer group in the Philippines is believed to have bought around 50,000 metric tons of animal feed wheat expected to be sourced from Australia late last week, European traders said.
• CORN PURCHASE: Leading South Korean feedmaker Nonghyup Feed Inc. (NOFI) purchased around 65,000 metric tons of animal feed corn in a private deal on Friday without an international tender being issued, European traders said. 

PENDING TENDERS

• CORN TENDER: Taiwan’s MFIG purchasing group has issued an international tender to buy up to 65,000 metric tons of animal feed corn which can be sourced from the United States, Argentina, Brazil or South Africa, European traders said on Tuesday.
• CORN TENDER: South Korean import consortium Cargill Agri Purina has issued an international tender to purchase around 140,000 metric tons of animal feed corn, European traders said on Tuesday.
• RICE TENDER: South Korea’s state-backed Agro-Fisheries & Food Trade Corp. issued an international tender to purchase an estimated 65,394 tons of rice, European traders said. The deadline for submissions of price offers was April 21.
• RICE TENDER: South Korea’s state-backed Agro-Fisheries & Food Trade Corp. issued an international tender to purchase about 20,000 tons of rice sourced from the United States and Vietnam, European traders said. The deadline for submissions of price offers in the tender is April 28. Results of the tender may not be known for some weeks after price submissions, traders said.
• BARLEY TENDER: Jordan’s state grains buyer issued an international tender to purchase up to 120,000 metric tons of animal feed barley, European traders said. The deadline for submission of price offers in the tender is April 29.

 

 

TODAY

US Inspected 1.644m Tons of Corn for Export, 629k of Soybeans

In week ending April 23, according to the USDA’s weekly inspections report.

• Wheat: 365k tons vs 518k the previous wk, 650k a yr ago
• Soybeans: 629k tons vs 757k the previous wk, 459k a yr ago
• Corn: 1,644k tons vs 1,743k the previous wk, 1,666k a yr ago

 

US Corn, Soybean, Wheat Inspections by Country: April 23

Following is a summary of USDA inspections for week ending April 23 of corn, soybeans and wheat for export, from the Grain Inspection, Packers and Stockyards Administration, known as GIPSA.

• Soybeans for China-bound shipments made up 247k tons of the 629k total inspected
• Mexico was the top destination for corn inspections, Philippines led in wheat

 

Russia boosts oilseed exports 29%, vegetable oil exports 19% in Q1 -experts

MOSCOW. April 27 (Interfax) – Russia exported 933,000 tonnes of oilseeds in Q1 2026, up 29% year-on-year, the analytical center OleoScope said.

In particular, shipments of sunflower seeds increased 19% to 88,000 tonnes. More than 80% were sent to countries of the Eurasian Economic Union (EAEU).

Exports of soybeans amounted to 409,000 tonnes, up almost 2.2-fold YoY. The main buyer was China (267,000 tonnes).

Shipments of rapeseed decreased 13% to 117,000 tonnes. Almost the entire amount (105,000 tonnes) was sent to Belarus.

Exports of oilseed flax decreased 2% to 306,000 tonnes. The largest buyers were China (261,000 tonnes) and Belarus (25,000 tonnes).

Exports of vegetable oil in Q1 2026 amounted to 2 million tonnes, up 19% YoY. In particular, exports of sunflower oil increased 26% to 1.36 million tonnes. Its share in the structure of vegetable oil exports was more than 68%. The main buyers were India (457,000 tonnes) and Turkey (261,000 tonnes).

Exports of soybean oil decreased 0.3% to 167,000 tonnes. The largest buyers were Algeria (92,000 tonnes) and China (20,000 tonnes). Supplies of rapeseed oil increased 9%, to 462,000 tonnes. More than 88% were sent to China.

According to OleoScope, exports of vegetable meals amounted to 1.29 million tonnes, up 20% YoY. In particular, sunflower meal shipments amounted to 734,000 tonnes, down 1% YoY. Its main buyers were Turkey (238,000 tonnes) and Belarus (139,000 tonnes). Exports of soybean meal increased 1.9-fold to 237,000 tonnes. Most of it was sent to Uzbekistan (69,000 tonnes) and Belarus (50,000 tonnes). Shipments of rapeseed meal increased almost 1.5-fold to 296,000 tonnes. The main buyers were China (245,000 tonnes) and Turkey (28,000 tonnes).

In addition, Russia exported 40,000 tonnes of margarine in Q1, down 22% YoY. The leaders in purchases were Kazakhstan (10,000 tonnes) and Tajikistan (6,000 tonnes). Exports of mayonnaise decreased 0.5% to 33,000 tonnes. Most of it was sent to Kazakhstan (8,000 tonnes).

 

India Notifies Additional 2.5 Million Tons Wheat Exports Quota

India notified an approval for export of 2.5 million tons of wheat, according to the commerce ministry.

• The government continues to prohibit wheat exports, while allowing overseas shipments in response to requests from other countries to meet food security needs
• NOTE: The food ministry announced last week the shipment of an extra 2.5m tons of wheat

 

Brazil ethanol blend hike to boost annual demand by 1 billion liters

Brazil’s planned increase in the mandatory ethanol blend in gasoline to 32% from 30% is set to boost annual demand for anhydrous ethanol by about 1 billion liters, sugarcane industry group UNICA said on Monday.

Brazil’s government said on Friday that the national energy policy council would discuss the proposal at its next meeting in early May.

The South American country had raised the ethanol mix to 30% from 27% in August last year.

The move to the so-called E32 blend would represent an annual demand boost of 2.4 billion liters compared with E27, according to UNICA.

Increasing ethanol use would reduce reliance on gasoline imports and improve predictability of fuel supply, UNICA said in a statement.

A higher ethanol blend is expected to raise the share of sugarcane processed into biofuel and support an already strong expansion of corn-based ethanol.

The sector already has sufficient installed capacity to meet the additional demand, considering cane- and corn-based ethanol, as well as new plants under construction, UNICA said.

“The expected expansion of corn ethanol alone would be enough to absorb this increase,” it added.

 

WHEAT/CEPEA: Strong supply pressures wheat bran; grain and flour stay firm

Cepea, 27 – The wheat market has shown divergent trends across segments. Wheat bran prices have declined sharply, driven by ample spot supply and competition from alternative animal feed ingredients. Wheat grain prices, in turn, remain firm due to limited availability, while wheat flour values have been rising, supported by higher grain quotations.

Average prices for wheat bran (in bulk) hit the lowest levels since August 2024 in the following regions: Ijuí (Rio Grande do Sul state), Passo Fundo (RS) and west of Paraná, averaging BRL 891.14 per ton, BRL 807.11/ton and BRL 913.74/ton, respectively, between April 20 and 24.

Concerning wheat bran in bags, prices are the lowest since November 2023 and August 2024, respectively, in Ijuí and in Passo Fundo, at BRL 1,079.98/ton and BRL 1,211.59/ton from April 20-24. In São Paulo, the average (BRL 1,116.94/ton) is the lowest since March 2025.

Comparing the average last week (April 20-24) to the average in the previous week, values of wheat bran in bags declined by 2.65%, and prices of the product in bulk, 1%.

Wheat grain prices are firm amid limited supply, due to the offseason. Between April 17 and 24, in the wholesale market, prices downed 0.4% in São Paulo, but rose 0.34% in Paraná, 1.43% in Rio Grande do Sul and 0.23% in Santa Catarina. Prices paid to wheat farmers remained stable in PR and in SC and increased by 1.3% in RS. The US dollar upped 0.32% against Real in the same comparison, closing at BRL 4.999 on April 24.

Higher wheat grain prices have been passed through to wheat flour quotations.

 

India expects annual fertiliser subsidy bill to rise by 20%

India expects its fertiliser subsidy bill to jump by about 20% for the current financial year because of price rises fuelled by the Middle East crisis, fertiliser ministry official Aparna Sharma said on Monday.

India, the world’s largest importer of urea, has placed orders to import a record 2.5 million metric tons of the fertiliser at nearly double the price paid two months ago as the Iran conflict disrupts global supplies and drives up prices.

The record purchases, about a quarter of India’s annual imports, are expected to tighten global supply and push prices higher, potentially raising future import costs for New Delhi.

Rising import costs are likely to increase India’s fertiliser subsidies to companies for selling crop nutrients to farmers below market prices.

India’s fertiliser subsidy for the financial year to the end of last March is estimated at about 1.87 trillion rupees ($19.85 billion).

India imports fertilisers such as urea, diammonium phosphate (DAP) and muriate of potash, as well as liquefied natural gas, a key feedstock for urea production.

The Middle East accounts for roughly half of India’s DAP and urea imports, with Saudi Arabia the largest DAP supplier and Oman the biggest urea supplier.

India holds higher fertiliser stocks, but demand tends to surge in June and July, when farmers begin planting crops such as rice, corn, cotton and oilseeds.

 

 

 

 

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