Andrey Sizov
16.04.2025
Grain prices continued to decline on Tuesday. The May SRW wheat contract closed at $5.42/bu ($199/mt; -1.0% from Monday). The May HRW wheat contract in Kansas fell to $5.53/bu ($203/mt; -0.4%). The May Euronext wheat contract settled at €210.25/mt ($237/mt; -1.9%). The May U.S. corn contract dropped to $4.81/bu ($189/mt; -0.8%).
The Buenos Aires Grain Exchange may raise its grain production forecast if Argentina’s reduced export duties are extended, the exchange’s economist told Reuters. In January 2025, President Javier Milei cut wheat export duties from 12% to 9.5% through the end of June. The exchange estimates wheat output at 20.5 million metric tons (mmt), up from 18.6 mmt last season.
Between September 1 and April 13, Kazakhstan exported 7.0 mmt of grain, compared with 4.6 mmt during the same period a year earlier, according to the country’s state railway operator KTZ.
USDA reported exporters sold 110 thousand metric tons (tmt) of corn to Portugal.
Jordan’s Ministry of Industry, Trade and Supply purchased 60 tmt of wheat at $263/mt C&F in an international tender.
