Andrey Sizov
23.12.2024
On Friday, U.S. wheat futures were stable. The March SRW wheat contract closed at $5.33/bu ($196/mt), unchanged from Thursday. The March HRW wheat contract in Kansas rose to $5.45/bu ($200/mt, +0.3%). The March Euronext wheat contract closed at €227.00/mt ($237/mt, -0.9%). The March U.S. corn contract rose to $4.46/bu ($176/mt, +1.3%).
On Friday, the USDA reported the sale of 150,000 mt of corn by U.S. exporters to Colombia.
Winter wheat planting areas in Germany for the 2025 harvest totaled 2.8 million hectares, up 12.3% year-over-year, according to the national statistics agency.
Algeria’s OAIC will hold a tender on December 24 for the purchase of a nominal 50,000 mt of wheat, European traders said.
The second shipment of wheat from the 430,000 mt purchased by Egypt in September has departed the port of Novorossiysk, according to LSEG data.
Turkey is preparing to ease restrictions on wheat imports, according to media reports. Under new rules, the quota for wheat imports will be set at 25 mt for every 75 mt purchased from TMO, compared to the current quota of 15 mt for every 85 mt purchased.
