Andrey Sizov
18.07.2025
Grain prices in the U.S. declined on Thursday. The September SRW wheat contract closed at $5.33/bu ($196/t; -1.4% compared to Wednesday). The September HRW wheat contract fell to $5.17/bu ($190/t; -1.0%). The September Euronext wheat contract closed at €199.50/t ($231/t; +0.5%). The September U.S. corn contract dropped to $4.02/bu ($158/t; -0.8%).
As of July 14, France had harvested 71% of its soft wheat crop, up from 12% a year earlier and 36% on average over the past five years, according to FranceAgriMer.
As of July 9, 6.3 mln ha of wheat had been planted in Argentina out of the planned 6.7 mln ha, according to the Buenos Aires Grain Exchange. A year earlier, 6.0 mln ha had been planted by the same date.
Argentina had harvested 5.5 mln ha of corn out of the planned 7.1 mln ha, down from 5.7 mln ha out of 7.6 mln ha a year earlier, the Buenos Aires Grain Exchange reported. Yield is estimated at 7.39 t/ha.
During the week ending July 10, U.S. exporters sold 98 tmt of wheat for delivery in the 2024/25 season (September–August), well below the market estimate of 500–1,200 tmt.
The International Grains Council (IGC) left its global wheat production forecast unchanged at 808 mmt and its corn production forecast at 1,276 mmt.
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.
