Andrey Sizov
23.07.2025
Wheat futures rose on Tuesday. September SRW wheat closed at $5.49/bu ($202/mt; +1.3% compared to Monday). September HRW wheat gained to $5.33/bu ($196/mt; +1.4%). September Euronext wheat settled at €202.75/mt ($238/mt; +0.4%). September U.S. corn fell to $3.99/bu ($157/mt; -1.1%).
Argus Media estimated France’s 2025 wheat crop at 33.4 mmt, 30% above last year’s poor result. However, analysts noted that the estimate remains below the 2017–2023 average of 34.96 mmt.
Germany’s National Association of Agricultural Cooperatives raised its 2025 wheat production forecast to 21.6 mmt from 21.5 mmt last month, up 17% from last year.
Between July 1 and 20, the EU exported 0.5 mmt of soft wheat, compared to 1.8 mmt a year earlier, according to European Commission data. Analysts warned that data for France, Bulgaria, and Ireland is still incomplete.
Tunisia’s ODC is set to hold a tender on July 23 to purchase 100 tmt of soft wheat of optional origin for August–September shipment, European traders said.
