Andrey Sizov
26.02.2025
On Tuesday, U.S. grain prices declined. The May SRW wheat contract closed at $5.88/bu ($216/mt), down 1.0% from Monday. The May HRW wheat contract in Kansas City fell to $6.05/bu ($222/mt), down 0.7%. The May Euronext wheat contract closed at €231.75/mt ($244/mt), up 0.1%. The May U.S. corn contract dropped to $4.94/bu ($195/mt), down 0.6%.
As of mid-February, grain crops in the European Union were generally in good condition, according to the European monitoring service MARS. However, wet weather in France and dry conditions in Eastern Europe pose risks to plants.
In recent days, Argentina has received abundant precipitation, and these weather conditions are expected to continue, according to the Rosario Grain Exchange. Exchange analysts said the rainfall marked a “inflection point” for soybean and corn crops, after which crop conditions began to improve.
On Tuesday, Mexico’s Chamber of Deputies approved a constitutional reform that includes a ban on growing genetically modified corn. This move could increase tensions between Mexico and the U.S. The reform must be approved by the Senate before it can take effect.
