Andrey Sizov
25.07.2025
Grain futures edged higher on Thursday. September SRW wheat closed at $5.41/bu ($199/mt; +0.2% compared to Wednesday). September HRW wheat rose to $5.28/bu ($194/mt; +1.0%). September Euronext wheat settled at €197.00/mt ($231/mt; -1.3%). September U.S. corn increased to $4.02/bu ($158/mt; +0.8%).
France had harvested 86% of its soft wheat crop as of July 21, compared to 37% last year and 59% on average for the date, according to FranceAgriMer.
As of July 9, Argentina had planted 6.4 mln ha of wheat out of the planned 6.7 mln ha, according to the Buenos Aires Grain Exchange. A year earlier, 6.1 mln ha had been planted by the same date.
Argentina had harvested 5.8 mln ha of corn out of 7.1 mln ha planned, compared to 6.2 mln ha out of 7.6 mln ha last year, the Buenos Aires Grain Exchange reported. Yield is estimated at 7.30 mt/ha.
For the week ending July 17, U.S. exporters sold 0.7 mmt of wheat, above the market estimate of 0.3–0.5 mmt, according to USDA data.
USDA reported private sales of 135 tmt of corn to South Korea and 284 tmt to unknown destinations.
Average prices for fourth-class wheat (12.5% protein) in the European part of Russia fell by 775 rubles week-on-week to 13,825 rubles per metric ton ($177/mt) as of July 16, according to SovEcon’s price monitoring. A week earlier, prices had risen by 100 rubles to 14,600 rubles per metric ton ($187/mt). Prices reversed after a short-term increase amid the arrival of the new wheat crop on the market.
