Grain futures declined on Tuesday. The December SRW wheat contract closed at $5.21/bu ($192/mt; -0.7% from Monday). The December HRW wheat contract in Kansas fell to $5.22/bu ($192/mt; -1.2%). The December Euronext wheat contract settled at €193.75/mt ($226/mt; -0.9%). The December US corn contract dropped to $4.03/bu ($159/mt; -0.8%).
A state of emergency to be declared in Russia’s Omsk region due to excessive rainfall, Governor Vitaly Khotsenko said. He plans to sign the order in the coming days. The emergency regime is currently in effect in two districts, but waterlogged soil is now reported in seven districts, the governor noted.
Between July 1 and August 17, the EU shipped 1.8 mmt of soft wheat, down from 3.8 mmt a year earlier, according to European Commission data. Export figures for France, Bulgaria, and Ireland remain incomplete, analysts cautioned.
From July 1 to August 18, Ukraine exported 3.0 mmt of grain, including 1.3 mmt in August, the Economy Ministry said. A year ago, exports totaled 5.8 mmt, with 2.1 mmt shipped in August.
