Andrey Sizov
07.04.2025
On Friday, US wheat quotes decreased. The May SRW wheat contract closed at $5.29/bu ($194/mt; -1.3% compared to Thursday). Kansas’s May HRW wheat contract fell to $5.66/bu ($208/mt; -0.5%). The May Euronext wheat contract closed at €220.00/mt ($243/mt; +0.5%). The May US corn contract rose to $4.60/bu ($181/mt; +0.6%).
China’s State Council Tariff Commission announced that an additional 34% tariff will be imposed on all U.S. imports starting April 10. These tariffs will supplement existing duties in response to President Trump’s tariff policies, the agency clarified.
Russia’s wheat export tax will increase to 2,031.4 rub/mt from April 9, up from 1,921.6 rub/mt the previous week, according to the Agriculture Ministry.
As of April 4, Ukraine has sown 926 ths ha with spring grains, including 552 ths ha of barley, 117 ths ha of wheat, 164 ths ha of peas, and 82 ths ha of oats, as reported by the country’s Ministry of Agricultural Policy.
From the start of the 2024/25 season through April 4, Ukraine exported 33.0 mmt of grain compared to 36.0 mmt a year earlier.
