USDA – Grain: World Markets and Trade, Aug 2025

The main topic of the report concerns global grain markets and trade.

Key findings include a forecast of a significant reduction in wheat imports by the European Union in the 2025/26 marketing year due to the recovery of domestic stocks thanks to increased production and the restoration of import quotas for Ukraine. In 2022/23, the EU imported record volumes of wheat, but from 2025/26, a decrease in import demand is expected, especially from Ukraine. Despite the reduction in supplies to the EU, Ukraine is forecasted to maintain strong exports at 15.5 million tons in 2025/26.