Andrey Sizov
24.12.2024
On Monday, wheat futures rose. The March SRW wheat contract closed at $5.40/bu ($199/mt, +1.4% compared to Friday). The March U.S. corn contract closed at $4.48/bu ($176/mt, +0.3%). The March HRW wheat contract in Kansas closed at $5.51/bu ($202/mt, +1.2%). The March Euronext wheat contract rose to €232.00/mt ($241/mt, +2.2%).
For the week ending December 19, U.S. exporters shipped 0.43 million mt of wheat, exceeding market expectations of 0.20–0.40 million mt, according to USDA data.
The European Commission lowered its estimate for EU soft wheat production to 111.9 million mt from 112.3 million mt last month.
