Andrey Sizov
02.07.2025
U.S. wheat futures rose on Tuesday. The September SRW wheat contract closed at $5.49/bu ($202/mt; +2.0% compared to Monday). The September HRW wheat contract increased to $5.31/bu ($195/mt; +0.9%). The September Euronext wheat contract settled at €194.50/mt ($230/mt; -0.3%). The September U.S. corn contract declined to $4.06/bu ($160/mt; -0.8%).
Due to soil drought, Rostov region declared a state of emergency in nine additional districts. In total, the emergency regime is now in effect in 19 of the region’s 43 districts.
AgRural raised its estimate for Brazil’s corn production to 130.6 mln mt, up from 128.5 mln mt in early June. The revision reflects record yields for the safrinha crop, which is now forecast at 103.4 mln mt versus the previous estimate of 101.5 mln mt.
