Andrey Sizov
24.06.2025
Grain futures declined on Monday. September SRW wheat closed at $5.69/bu ($209/mt; -2.4% from Friday). September HRW wheat dropped to $5.65/bu ($208/mt; -2.4%). September Euronext wheat ended at €204.25/mt ($236/mt; -1.8%). September U.S. corn fell to $4.17/bu ($164/mt; -1.9%).
As of late June, Egypt had imported 4.9 mmt of wheat, down from 7.1 mmt a year earlier, according to the country’s Ministry of Agriculture. Wheat imports dropped 30% year over year.
Australia shipped 546 tmt of wheat to China in the first six months of the 2024/25 season (October–September), compared with 2.9 mmt in the same period of 2023/24 and 4.4 mmt in 2022/23, Australian customs data show.
The share of U.S. winter wheat rated good or excellent fell to 49% as of June 22, down from 52% a week earlier and below the market estimate of 52%, USDA data show. The share of corn in good or excellent condition fell to 70%, compared with 72% the previous week and the market estimate of 72%.
The U.S. winter wheat harvest was 19% complete as of June 22, up from 10% a week earlier and close to the market estimate of 20%. A year ago, 38% of the crop had been harvested.
Farmers in Russia’s Stavropol region have begun harvesting grain, the regional governor reported. As of June 23, 1% of the planned 2.2 million hectares had been harvested.
