Andrey Sizov
04.08.2025
Grain markets declined on Friday. The September SRW wheat contract closed at $5.17/bu ($190/mt; -1.3% from Thursday). The September HRW wheat contract fell to $5.19/bu ($191/mt; -1.4%). The September Euronext wheat contract settled at €194.50/mt ($225/mt; -0.9%). The September U.S. corn contract dropped to $3.89/bu ($153/mt; -1.2%).
Poland’s Central Statistical Office projects 2025 wheat production at 12.8 mmt, up 3% from last year.
As of July 31, Ukrainian farmers harvested 11.4 mmt of wheat (down from 19.4 mmt a year earlier) from 3.1 mlm ha (4.5 mln ha) at an average yield of 3.7 mt/ha (4.4 mt/ha), according to the Ministry of Economy. Total grain harvest reached 15.4 mmt, compared with 24.7 mmt last year.
Starting August 6, Russia’s wheat export tax will be set at 19.4 rub/mt, according to the Ministry of Agriculture. The rate had remained at zero for the past four weeks.
