Andrey Sizov
04.07.2025
U.S. wheat futures declined on Thursday. The September SRW wheat contract closed at $5.57/bu ($204/mt; -1.3% compared to Wednesday). The September HRW wheat contract fell to $5.36/bu ($197/mt; -1.1%). The September Euronext wheat contract settled at €197.25/mt ($232/mt; +0.8%). The September U.S. corn contract rose to $4.20/bu ($165/mt; +0.5%).
As of June 30, the share of French soft wheat rated good or excellent declined by 1 percentage point to 67%, according to FranceAgriMer.
Wheat harvesting in France was 11% complete, up from 1% the previous week and 4% on the five-year average, FranceAgriMer said.
As of July 2, Argentina had planted 5.2 mln ha of wheat out of the planned 6.7 mln ha, according to the Buenos Aires Grain Exchange. A year ago, 5.4 mln ha had been sown by the same date.
Argentina had harvested 4.3 mln ha of corn out of the planned 7.1 mln ha, compared with 4.6 mln ha out of 7.6 mln ha a year earlier, the exchange said. Yields are estimated at 7.57 mt/ha.
On July 3, the USDA reported export sales of 150,000 mt of corn to unknown destinations.
Harvesting of early grains has begun in southern Russia, SovEcon said in its weekly report. Initial yields in the country’s key agricultural regions are lower than last year due to a moisture deficit.
