Andrey Sizov
06.06.2025
U.S. grain futures edged higher on Thursday. The July SRW wheat contract closed at $5.45/bu ($200/mt; +0.4% from Wednesday). July HRW wheat in Kansas rose to $5.42/bu ($199/mt; +0.4%). September Euronext wheat settled at €202.75/mt ($232/mt; -0.1%). July U.S. corn increased to $4.39/bu ($173/mt; +0.2%).
The share of French soft wheat rated good or excellent fell to 69% as of June 2, down from 70% a week earlier, according to FranceAgriMer.
As of June 4, Argentina had harvested 3.1 mln ha of corn (44% of the projected area), up from 2.6 mln ha (35%) a year earlier, the Buenos Aires Grain Exchange reported.
By the same date, 1.6 mln ha of wheat had been planted in Argentina (24% of the forecast area), compared with 1.6 mln ha (26%) a year earlier.
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.
