SovEcon: Russian and global grain market news – February 18, 2025

Daily news and market insights from a leading firm focused on the Black Sea grain markets research

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.

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