Andrey Sizov
03.03.2025
On Friday, U.S. grain futures declined. The May SRW wheat contract closed at $5.56 per bushel ($204/mt), down 1.1% from Thursday. The May HRW wheat contract in Kansas fell to $5.73 per bushel ($211/mt), down 2.1%. The May Euronext wheat contract settled at €229.00 per metric ton ($238/mt), up 0.5%. The May U.S. corn contract dropped to $4.69 per bushel ($185/mt), down 2.4%.
The share of French wheat crops rated good to excellent declined to 73% from 74% a week earlier but remains above last year’s level of 68%.
Corn planting in the Brazilian state of Mato Grosso was 85% complete as of February 28, compared to 90% last year and the five-year average of 84%.
On March 1, a ballistic missile struck port infrastructure in Odesa. The attack damaged two vessels and port infrastructure, resulting in the deaths of two people.
