Andrey Sizov
20.01.2025
On Friday, wheat futures were steady. The March SRW wheat contract closed at $5.39/bu ($198/mt; +0.2% compared to Thursday). The March HRW wheat contract in Kansas City closed at $5.48/bu ($201/mt; unchanged). The March Euronext wheat contract closed at €226.75/mt ($233/mt; +0.3%). The March U.S. corn contract rose to $4.84/bu ($191/mt; +2.1%).
Fund buying may have supported corn futures. Open interest in the March corn contract increased by 12,000 contracts on Friday, reaching 735,000.
Between January 1 and 17, Ukraine exported 1.7 million metric tons (mmt) of grain, down from 2.5 mmt during the same period last year, according to data from Ukraine’s Ministry of Agrarian Policy. Since the beginning of the season, total grain exports have reached 23.9 mmt, compared to 20.9 mmt the previous year.
A fuel oil spill in the Kerch Strait has not disrupted the operations of Black Sea grain terminals, Interfax reported, citing industry experts.
The Rostov Regional Arbitration Court has classified proceedings related to the confiscation of assets from grain trader Rodnye Polya (formerly TD RIF).
