Andrey Sizov
25.12.2024
On Tuesday, wheat futures declined. The March SRW wheat contract closed at $5.35/bu ($196/mt, -1.1% compared to Monday). The March HRW wheat contract in Kansas dropped to $5.44/bu ($200/mt, -1.3%). The March Euronext wheat contract closed at €231.25/mt ($241/mt, -0.3%). The March U.S. corn contract rose to $4.48/bu ($177/mt, +0.2%).
Grain and oilseed exports from Ukraine in 2024/25 are projected at 46.9 million mt, according to data from the Ministry of Agrarian Policy. Wheat exports are estimated at 16.2 million mt, while corn exports are forecast at 20.5 million mt.
Algeria’s OAIC purchased an unspecified volume of wheat at $257-258/mt through an international tender, according to European traders.
