Andrey Sizov
05.06.2025
Grain futures rose on Wednesday. The July SRW wheat contract closed at $5.43/bu ($200/mt; +1.3% from Tuesday). July Kansas HRW climbed to $5.40/bu ($199/mt; +0.7%). September Euronext wheat settled at €203.00/mt ($232/mt; +0.5%). July U.S. corn increased to $4.39/bu ($173/mt; +0.1%).
Between June 1 and 4, Ukraine shipped 0.2 mmt of grains and pulses, down from 0.8 mmt a year earlier, according to the Ministry of Agrarian Policy. Total exports since the beginning of the season amounted to 38.5 mmt, compared with 47.7 mmt the previous year.
Egyptian company Mostakbal Misr said it signed wheat supply contracts with suppliers from France, Romania, as well as Australia and South America. Company representatives said the move aims to reduce geopolitical risks by partially replacing shipments from Russia and Ukraine.
Russia recorded its highest average temperature for the first five months of the year in the history of meteorological observations, said Roman Vilfand, scientific director of the national weather service.
Bids for Russian 12.5% protein wheat in deep-sea ports dropped to RUB 16,500–16,800/t ($209), down from RUB 16,800–17,000/t ($210) the previous week, SovEcon analysts have estimated. Ruble-denominated prices have fallen to their lowest level since September 2024, pressured by weakening export prices and a stronger ruble.
