Andrey Sizov
09.07.2025
Grain futures declined in the U.S. on Tuesday. The September SRW wheat contract closed at $5.48/bu ($201/mt; -0.1% from Monday). The September HRW wheat contract fell to $5.22/bu ($192/mt; -0.9%). The September Euronext wheat contract closed at €195.75/mt ($230/mt; -0.1%). The September U.S. corn contract dropped to $3.98/bu ($157/mt; -1.3%).
Wheat exports from the European Union totaled 20.3 mmt in the 2024/25 season, down from 31.1 mmt a year earlier, according to European Commission data. Barley exports reached 4.7 mmt versus 5.8 mmt last year, and corn shipments fell to 2.4 mmt from 3.9 mmt.
On July 7, Indonesia signed a memorandum of understanding to double purchases of U.S. wheat between 2026 and 2030. In addition, the Indonesian flour milling association APTINDO plans to purchase 800 tmt of U.S. wheat by the end of the calendar year.
The USDA reported export sales of 113 tmt of corn to Mexico for delivery in 2025/26.
SovEcon has raised its forecast for Russian wheat exports in the 2025/26 season by 2.1 million metric tons (mmt) to 42.9 mmt. Wheat exports in the previous season are estimated at 40.8 mmt. The forecast was increased following an upward revision in production estimates and improved competitiveness of Russian wheat.
