Andrey Sizov
17.04.2025
U.S. grain futures rose on Wednesday. The May SRW wheat contract closed at $5.48/bu ($201/mt; +1.0% from Tuesday). The May HRW wheat contract in Kansas increased to $5.58/bu ($205/mt; +0.9%). The May Euronext wheat contract settled at €209.00/mt ($238/mt; -0.6%). The May U.S. corn contract rose to $4.84/bu ($191/mt; +0.6%).
India’s wheat stocks reached a three-year high of 11.8 million metric tons (mmt) amid new crop harvesting, 4 mmt above last year’s level. The government previously set a target stock level of 7.5 mmt.
Between July 1 and April 13, the European Union exported 17.5 mmt of soft wheat, down from 26.8 mmt a year earlier, according to data from the European Commission. Export figures for France and Italy for 2024 remain incomplete, Commission analysts noted.
Frosts of down to -2°C are forecast in Russia’s Krasnodar region through April 18, the regional emergency ministry reported.
On April 16, Algeria’s OAIC purchased 570–600 thousand metric tons (tmt) of wheat of optional origin at $267.5/mt C&F in an international tender, European traders reported. Most of the grain is expected to be sourced from the Black Sea countries.
Tunisia’s grain agency will hold a tender on April 17 to purchase 75 tmt of soft wheat of optional origin, according to European traders.
