Andrey Sizov
26.06.2025
Grain futures continued to decline on Wednesday. September SRW wheat closed at $5.44/bu ($200/mt; -1.4% from Tuesday). September HRW wheat dropped to $5.39/bu ($198/mt; -1.9%). September Euronext wheat settled at €197.25/mt ($230/mt; -1.4%). September U.S. corn fell to $4.05/bu ($159/mt; -1.7%).
On June 30, the USDA will release its quarterly grain stocks report. Market participants estimate U.S. corn stocks at 117.9 mmt, down from 126.9 mmt a year ago. Wheat stocks are expected at 22.8 mmt, up from 18.9 mmt a year earlier.
The USDA will also publish its annual acreage report. The market sees U.S. corn planted area at 38.6 million hectares, in line with the USDA’s March forecast. Wheat acreage is also projected at 18.4 million hectares, matching the March estimate.
Bangladesh’s Directorate General of Food (DGF) purchased 50 tmt of milling wheat at $275/mt C&F through an international tender. DGF also announced a new tender for 50 tmt of wheat, scheduled for July 9.
Between June 1 and 25, Ukraine exported 1.9 mmt of grain, down from 3.6 mmt a year earlier, according to the country’s Ministry of Agrarian Policy. Total grain exports since the beginning of the season reached 40.3 mmt, compared with 50.6 mmt last year.
In June, Russian exporters set bids for a new wheat crop at RUB 14,500/t ($184/t). A year ago, wheat prices were at 15,250 rub/mt ($173/mt).
