Andrey Sizov
05.02.2025
Grain futures rose on Tuesday. The March SRW wheat contract climbed to its highest level since November, closing at $5.77 per bushel ($212/mt; +1.8% compared to Monday). The March HRW wheat contract in Kansas rose to $5.95 per bushel ($218/mt; +1.5%). The March Euronext wheat contract closed at €235.00/mt ($244/mt; +0.2%). The March U.S. corn contract increased to $4.94 per bushel ($195/mt; +1.2%).
The U.S. Dollar Index fell by 0.4% on Tuesday compared to Monday, closing at 108.0. The weaker DXY index was supporting grain prices.
The U.S. Department of Agriculture reported the sale of 132,000 metric tons of corn to South Korea.
China is delaying the import of 600,000 metric tons of wheat, mostly from Australia, due to sufficient domestic reserves, according to Reuters, citing industry sources.
Soft wheat exports from the European Union since the start of the 2024/25 season have reached 12.5 million metric tons, down 37% from the same period last year.
