Andrey Sizov
08.04.2025
Grain futures rose on Monday. The May SRW wheat contract closed at $5.36/bu ($197/mt), up 1.4% from Friday. Kansas’s May HRW wheat contract settled at $5.59/bu ($205/mt), up 0.3%. The May Euronext wheat contract rose to €224.75/mt ($245/mt), up 1.2%. The May U.S. corn contract climbed to $4.64/bu ($183/mt), up 0.9%.
The European Commission has proposed 25% counter-tariffs on a range of U.S. goods in response to President Trump’s tariffs on steel and aluminum.
The USDA FAS projects Brazil’s corn crop in the 2025/26 season at 130 million metric tons (mmt) from 22.5 million hectares, up from 126 mmt from 22 million hectares in 2024/25.
According to European traders, Algeria’s state grain agency OAIC will hold a tender on April 8 to purchase at least 50 tmt of durum wheat of optional origin for delivery in May–June.
Conab reported that as of April 5, planting of Brazil’s second corn crop was 99.1% complete, compared with 99.5% a year earlier and 99.4% on average.
From the beginning of the 2024/25 season through April 7, Ukraine exported 33.2 mmt of grain, including 0.4 mmt shipped in April.
