Andrey Sizov
28.04.2025
On Friday, U.S. grain futures were mostly steady. The July SRW wheat contract closed at $5.45/bushel ($200/mt), up 0.1% from Thursday. The July HRW wheat contract in Kansas City closed at $5.51/bushel ($202/mt), up 0.1%. The September Euronext wheat contract rose to €209.75/mt ($238/mt), up 0.8%. The July U.S. corn contract closed at $4.85/bushel ($191/mt), up 0.3%.
The USDA reported private exporters sold 235 tmt of corn to Mexico, with 130 tmt for delivery in 2024/25 and 105 tmt for 2025/26.
Russia’s wheat export tax will decline to 1,596.7 rub/mt from 1,832.0 rub/mt as of April 30, according to the Russian Ministry of Agriculture.
As of April 25, spring crop planting in Russia covered 10.5 million hectares, compared with 9.2 million hectares a year earlier, Interfax reported. Spring grain planting reached 6.3 million hectares versus 4.8 million hectares last year.
The European Commission lowered its 2025/26 EU soft wheat production forecast to 126.3 million metric tons from 126.5 million metric tons in the previous revision. The estimate for wheat ending stocks in 2025/26 was raised to 8.5 million metric tons from 7.3 million metric tons.
