Andrey Sizov
06.08.2025
Grain markets declined on Tuesday. The September SRW wheat contract closed at $5.08/bu ($187/mt; -1.6% from Monday). The September HRW wheat contract fell to $5.04/bu ($185/mt; -2.4%). The September Euronext wheat contract settled at €193.50/mt ($224/mt; -1.9%). The September U.S. corn contract dropped to $3.81/bu ($150/mt; -1.4%).
Consulting firm StoneX estimates U.S. corn production at 16.3 billion bushels (414.6 mmt) with an average yield of 188.1 bu/acre (11.8 mt/ha). The USDA pegs output at 15.7 billion bushels (398.9 mmt) with an average yield of 181.0 bu/acre (11.4 mt/ha).
The Latvian government declared a state of emergency in agriculture across the country through November 4, 2025, to compensate farmers for losses caused by frost, rain, and floods. In 2024, Latvia harvested 3.2 mmt of grain.
From July 1 to August 3, the EU exported 1.1 mmt of soft wheat compared with 2.6 mmt a year earlier, according to European Commission data. Analysts noted that export figures for France, Bulgaria, and Ireland are incomplete.
The USDA reported private exporters sold 128 tmt of corn to unknown destinations for delivery in the 2025/26 season.
