Andrey Sizov
22.07.2025
Grain futures declined on Monday. September SRW wheat closed at $5.42/bu ($199/mt; -0.7% compared to Friday). September HRW wheat fell to $5.26/bu ($193/mt; -0.6%). September Euronext wheat settled at €202.00/mt ($236/mt; -0.2%). September U.S. corn dropped to $4.04/bu ($159/mt; -1.2%).
Brazil’s AgRural raised its corn production estimate to 136.3 mmt from 130.6 mmt last month, citing strong yields of the safrinha crop.
Grain output in Russia’s Rostov region is expected to fall to 8.0 mmt from a previously planned 11.4 mmt, acting Governor Yury Slyusar said in an interview with TASS. According to him, abnormal weather damaged crops on 1.0 mln ha, with 180 ths ha considered a total loss.
For the week ending July 17, U.S. wheat export inspections totaled 732 tmt, above the market estimate of 300–500 tmt, the USDA reported. Corn inspections reached 985 tmt, below the expected 1,100–1,575 tmt.
Winter wheat harvest in the U.S. was 73% complete, compared to a market estimate of 74% and the five-year average of 72%, according to the USDA.
The share of U.S. spring wheat rated good or excellent fell to 52%, down from 54% a week earlier and 55% in the market estimate. The share of corn rated good or excellent remained at 74%, unchanged from both the previous week and market expectations.
