Andrey Sizov
15.07.2025
Wheat futures declined on Monday. September SRW wheat closed at $5.41/bu ($199/mt; -0.7% compared to Friday). September HRW wheat fell to $5.23/bu ($192/mt; -0.2%). September Euronext wheat settled at €197.25/mt ($230/mt; -1.9%). September U.S. corn rose to $4.00/bu ($158/mt; +1.0%).
The share of U.S. spring wheat rated good or excellent increased to 54% from 50% the previous week and the market estimate of 50%, according to USDA data. The share of corn rated good or excellent remained at 74%, unchanged from both the previous week and the market estimate.
Winter wheat harvest in the U.S. is 63% complete, compared to the market estimate of 64% and the five-year average of 64%, USDA reported.
Morocco will import around 20% of its soft wheat consumption from the U.S. for the first time, according to the head of the National Federation of Millers (FNM). USDA estimates Morocco’s wheat imports in the 2025/26 season at 6.7 mmt.
