Andrey Sizov
25.02.2025
On Monday, grain prices declined. The May SRW wheat contract closed at $5.93/bu ($218/mt), down 1.8% from Friday. The May HRW wheat contract in Kansas City fell to $6.09/bu ($224/mt), down 2.0%. The May Euronext wheat contract closed at €231.50/mt ($242/mt), down 1.7%. The May U.S. corn contract dropped to $4.97/bu ($196/mt), down 1.6%.
As of February 23, 54% of Brazil’s corn planting was completed, compared to 59% a year earlier and 56% for the three-year average, according to Conab data.
Between July 1 and February 24, Ukraine exported 28.4 million metric tons (mmt) of grain, compared to 28.6 mmt a year earlier, according to data from the country’s Ministry of Agrarian Policy. For the first time this season, total Ukrainian exports have fallen below last year’s level. In February, Ukraine shipped 2.7 mmt, down from 4.7 mmt a year ago.
