On Friday wheat futures declined. March SRW wheat closed at $5.38/bu ($198/mt), down 0.4% from Wednesday. March HRW wheat eased to $5.27/bu ($194/mt), down 0.5%. March Euronext wheat settled at €188.00/mt ($218/mt), down 1.3% from Thursday. March U.S. corn firmed to $4.48/bu ($176/mt), up 0.5% from Wednesday.
As of Nov. 27, Ukrainian farmers had harvested 52.6 mmt of grain (53.9 mmt a year earlier) from 10.4 mln ha (10.9 mln ha) at an average yield of 5.05 t/ha (4.97 t/ha), according to the Economy Ministry. Corn harvest was at 22.5 mmt (24.2 mmt).
According to the Economy Ministry of Ukraine, as of Nov. 24 winter grains had been sown on 5.3 mln ha (98% of the plan) versus 5.1 mln ha (98%) a year earlier.
From Dec. 3, Russia’s wheat export tax will be cut to 8.9 rub/mt from 202.7 rub/mt a week earlier, the Agriculture Ministry said.
