Andrey Sizov
08.08.2025
Grain prices rose on Thursday. The September SRW wheat contract closed at $5.18/bu ($190/mt; +1.9% from Wednesday). The September HRW wheat contract increased to $5.21/bu ($192/mt; +2.0%). The September Euronext wheat contract settled at €197.50/mt ($230/mt; +1.9%). The September U.S. corn contract rose to $3.84/bu ($151/mt; +1.3%).
For the week ending July 31, U.S. exporters sold 3.2 mmt of corn for delivery in the 2025/26 season, compared with market expectations of 1.3–2.5 mmt. Wheat sales for the same period totaled 738 tmt, versus estimates of 350–600 tmt.
As of Aug. 4, France’s soft wheat harvest was 94% complete, compared with 85% a year earlier and the five-year average of 88%, according to FranceAgriMer.
France’s Agriculture Ministry raised its soft wheat production forecast to 33.1 mmt from 32.6 mmt. Output is expected to exceed last year’s crop by 29%.
In Argentina, 6.1 mln ha of corn had been harvested out of a planned 7.1 mln ha, compared with 6.9 mln ha out of 7.2 mln ha a year earlier, the Buenos Aires Grain Exchange said. Yields are estimated at 7.23 mt/ha.
Tunisia’s ODC bought 75 tmt of wheat at $262.5–$262.6/mt (C&F) in an international tender.
SovEcon has lowered its forecast for Russian wheat production by 0.3 million metric tons (mmt) to 83.3 mmt. A year earlier, Russia harvested 82.6 mmt of wheat. The production forecast was revised downward due to worsening crop conditions in the South.
