Andrey Sizov
18.12.2024
On Tuesday, US grain futures declined. March SRW wheat closed at $5.45/bu ($200/mt), down 0.9% from Monday. March HRW wheat in Kansas fell to $5.52/bu ($203/mt), down 1.2%. March Euronext wheat closed at €232.25/mt ($244/mt), down 0.5%. March U.S. corn declined to $4.43/bu ($175/mt), down 0.4%.
The condition of 77% of Ukraine’s winter crops is rated as good, APK-Inform reported, citing meteorological services. About 3% of the crops are in poor condition.
Jordan held a tender to purchase 120,000 mt of wheat, with participation from seven companies, Reuters reported, citing traders. No purchases have been announced yet. A week earlier, Jordan conducted a tender without making any purchases.
According to a report by the European agency MARS, most of Europe’s winter crops are in normal or good condition. However, analysts noted crop issues in parts of Bulgaria, Romania, eastern Ukraine, and European Russia. Analysts also highlighted a precipitation deficit across much of the EU, though it has not significantly impacted crop conditions due to substantial rains in September and October.
