U.S. markets were closed on Monday for Presidents Day. The March wheat contract on Euronext closed at €229.50/mt ($241/mt; -1.4%).
As of February 17, Ukraine had exported 27.5 million metric tons (mmt) of grain and pulses since the beginning of the season, compared to 27.1 mmt a year earlier. In February, the country shipped 1.8 mmt of grain, down from 3.2 mmt a year ago.
As of February 13, corn planting in Brazil was 36% complete, up from 20% a week earlier but below 59% at the same time last year, according to AgRural.
Saudi Arabia’s GFSA purchased 920,000 mt of wheat at an average price of $276/mt (C&F) in an international tender.