Andrey Sizov
09.01.2025
On Wednesday, U.S. grain futures declined. March SRW wheat futures closed at $5.36 per bushel ($197/mt), down 1.1% from Tuesday. March HRW wheat futures in Kansas City rose to $5.56 per bushel ($204/mt), up 1.0%. March Euronext wheat futures closed at €230.75 per metric ton ($238/mt), unchanged. March corn futures dropped to $4.54 per bushel ($179/mt), down 0.9%.
As of January 8, Ukraine had exported 0.7 million mt of grain compared to 1.0 million mt during the same period last year, according to the Ministry of Agrarian Policy. Total exports since the start of the season reached 22.4 million mt, up from 19.4 million mt a year earlier.
Mid-January rains in Argentina are expected to reduce risks to crops posed by drought, Reuters reported, citing the Buenos Aires Grain Exchange. Currently, dry weather persists in the country, with the share of corn crops facing moisture deficits rising to 19%, compared to 10% last year.
Indian authorities are considering lifting the ban on trading some futures contracts, including wheat and raw rice, Bloomberg reported, citing a source. According to the source, studies have shown that the current restrictions have been counterproductive.
