On Tuesday, grain futures extended losses. Chicago SRW March settled at $5.09/bu ($187/mt), down 2.2% from Monday. Kansas City HRW March slipped to $5.05/bu ($186/mt), down 1.4%. Euronext wheat March settled at €185.75/mt ($218/mt), down 1.1%. Corn March fell to $4.36/bu ($172/mt), down 0.7%.
France’s Agriculture Ministry estimates the winter soft wheat sown area at 4.6 mln ha, up 2.3% from last year but slightly below average. The ministry said winter crop conditions are better than last year.
France’s Agriculture Ministry raised its estimate for the country’s corn crop by 0.2 mmt to 13.6 mmt, versus 14.6 mmt a year earlier.
EU soft wheat exports from July 1 to Dec. 14 totaled 10.5 mmt, down from 10.8 mmt a year earlier, European Commission data showed. Export figures for Poland, Bulgaria and Ireland are incomplete, the commission’s analysts cautioned.
Ukraine exported 1.1 mmt of grain from Dec. 1 to Dec. 11, versus 1.0 mmt as of Dec. 13, 2024, according to the Economy Ministry. Total exports since the start of the season reached 13.5 mmt, versus 19.4 mmt a year earlier.
