Andrey Sizov
07.02.2025
Grain futures rose on Thursday. The March SRW wheat contract closed at $5.88 per bushel ($216/mt; +2.7% compared to Wednesday). The March HRW wheat contract in Kansas rose to $6.07 per bushel ($223/mt; +2.7%). The March Euronext wheat contract closed at €234.00/mt ($243/mt; +1.3%). The March U.S. corn contract increased to $4.95 per bushel ($195/mt; +0.4%).
The share of Argentine corn crop with optimal moisture levels increased to 63% as of February 5, compared to 57% the previous week and 60% a year ago. The share of crop in poor condition rose to 26%, up from 22% the previous week and 15% last year.
Mexico lifted restrictions on the import of genetically modified (GM) corn for food, feed, and industrial use.
Rosimushchestvo became the sole owner of 100% of the shares of the grain trader Rodnye Polya, Interfax reported. The corresponding changes were entered into the Unified State Register of Legal Entities on February 5.
