Andrey Sizov
29.08.2025
U.S. grain futures rose on Thursday. The December SRW wheat contract closed at $5.29/bu ($194/mt; +0.9% from Wednesday). The December HRW wheat contract increased to $5.16/bu ($189/mt; +0.5%). The December Euronext wheat contract settled at €192.50/mt ($225/mt; -0.8%). The December U.S. corn contract rose to $4.10/bu ($161/mt; +1.0%).
The European Commission lowered its corn production forecast for the EU to 57.6 mmt from 60.1 mmt a month earlier. The wheat production estimate was raised to 128.1 mmt from 127.3 mmt.
According to FranceAgriMer, 69% of France’s 2025 wheat crop had protein content above 11%, down from 83% on the same date last year.
Canada’s 2025 wheat crop is estimated at 35.5 mmt, slightly below last year’s 35.9 mmt, according to StatsCan. The corn crop is projected at 15.6 mmt, up from 15.3 mmt last year.
Authorities in Pakistan evacuated over one million people from Punjab province amid the worst flooding in forty years. Punjab produces the bulk of the country’s agricultural output.
Russian 12.5% wheat bids fell by 750 rub to 16,150 rub/mt ($201/mt) last week, SovEcon’s price monitoring showed. Exporters lowered prices for the first time since early June amid weak demand, relatively high production pace, and declining export prices.
