Andrey Sizov
11.02.2025
On Monday, U.S. wheat prices declined. The March wheat SRW contract closed at $5.79/bu ($213/mt; -0.5% compared to Friday). The March HRW wheat contract in Kansas fell to $5.97/bu ($219/mt; -1.3%). The March Euronext wheat contract closed at €236.75/mt ($244/mt; +0.9%). The March U.S. corn contract rose to $4.91/bu ($194/mt; +0.8%).
The USDA reported that exporters sold 365,000 metric tons (mt) of corn to Mexico for delivery in the 2024/25 season.
Algeria’s OAIC announced a tender for the purchase of a nominal 50,000 mt of soft wheat.
For the week ending February 6, U.S. exporters shipped 536,000 mt of wheat, exceeding market expectations of 200,000-450,000 mt.
U.S. President Donald Trump is imposing 25% tariffs on steel and aluminum imports. Mexico and Canada are among the top metal exporters to the U.S. Trump also announced plans to introduce reciprocal tariffs on countries that tax U.S. imports but did not specify which nations would be affected.
