Andrey Sizov
11.03.2025
Grain prices rose on Monday. The May SRW wheat contract closed at $5.62/bu ($207/mt; +2.0% compared to Friday). The May HRW wheat contract in Kansas increased to $5.78/bu ($213/mt; +2.4%). The May Euronext wheat contract settled at €223.75/mt ($242/mt; +0.9%). The May U.S. corn contract rose to $4.72/bu ($186/mt; +0.6%).
For the week ending March 6, U.S. corn exports totaled 1.82 mmt, exceeding the market estimate of 1.00-1.40 mmt, according to data from the U.S. Department of Agriculture. Wheat exports for the same period totaled 0.22 mmt, compared to the market estimate of 0.25-0.45 mmt.
The USDA reported that exporters sold 126,000 mt of corn to Japan.
As of March 9, Brazil’s corn planting was 83% complete, compared to 86% a year earlier and 82% on average over the past five years, according to Conab.
Algeria’s OAIC will hold a tender on March 12 for a nominal 50,000 mt of milling wheat for May shipment from key supplying regions and April shipment from Australia and South America.
India’s agriculture ministry estimated wheat production for the 2024/25 season at a record 115.3 mmt, up from 113.3 mmt a year earlier.
