U.S. grain futures were mostly steady on Monday. The September SRW wheat contract closed at $5.15/bu ($189/mt; +0.1% from Friday). The September HRW wheat contract rose to $5.10/bu ($191/mt; +0.2%). The September Euronext wheat contract settled at €194.75/mt ($226/mt; -0.9%). The September U.S. corn contract increased to $3.85/bu ($152/mt; +0.6%).
For the week ending Aug. 7, U.S. exporters shipped 1.5 mmt of corn, compared with expectations of 1.0–1.4 mmt.
As of Aug. 10, the U.S. winter wheat harvest was 90% complete, versus 92% in market estimates and 91% on the five-year average, USDA data showed. The spring wheat harvest was 16% complete, compared with 14% in market estimates and 22% on the five-year average.
The share of U.S. spring wheat in good or excellent condition rose to 49% as of Aug. 3, up from 48% the previous week and in line with market estimates, USDA reported. Corn ratings fell to 72% from 73% the previous week, matching market expectations.
