Andrey Sizov
16.07.2025
U.S. wheat futures were steady on Tuesday. September SRW wheat closed at $5.38/bu ($198/mt; -0.6% compared to Monday). September HRW wheat rose to $5.24/bu ($192/mt; +0.1%). September Euronext wheat settled at €200.25/mt ($232/mt; +1.5%). September U.S. corn edged up to $4.01/bu ($158/mt; +0.3%).
The French Agriculture Ministry estimates 2025 soft wheat production at 32.6 mmt, up 27% from last year’s poor crop and 2.4% above the multi-year average. Average yield is projected at 7.26 mt/ha, compared to 6.09 mt/ha a year earlier. Sown area is estimated at 4.49 mln ha, up from 4.21 mln ha last year.
Temperatures in Russia’s Rostov and Krasnodar regions are expected to be 3–6°C above normal, according to Roman Vilfand, scientific director of the Russian Hydrometeorological Center. Daily highs are forecast to reach 37–39°C in Rostov and 35–38°C in Krasnodar.
Algeria purchased over 1 mmt of wheat in a recent international tender at $253–257/mt C&F, according to European traders. Likely suppliers include Ukraine, Russia and Bulgaria.
As of July 11, Russia had harvested 11.0 million metric tons (mmt) of wheat compared with 24.8 mmt in 2024. The 2025 wheat harvest is 56% behind last year’s level due to relatively slow harvesting progress and low initial yields.
