Andrey Sizov
14.04.2025
On Friday, grain futures rose. The May SRW wheat contract closed at $5.56/bu ($204/mt), up 3.3% from Thursday. The May HRW wheat contract in Kansas City increased to $5.68/bu ($209/mt; +1.8%). The May Euronext wheat contract settled at €218.25/mt ($248/mt; +0.8%). The May U.S. corn contract rose to $4.90/bu ($193/mt; +1.5%).
Russia’s wheat export tax will increase to 2,210.7 rubles per metric ton from 2,031.4 rubles a week earlier, according to the Ministry of Agriculture.
India has harvested 38% of its total wheat area of 32 million hectares, Agriculture Minister Shivraj Singh Chouhan said. He noted that weather conditions for harvesting are favorable in most states.
Egypt will harvest 10 million metric tons of wheat in 2025, up from 9 million metric tons in 2023, Agriculture Minister Alaa Farouk said. The increase is attributed to higher yields.
