Andrey Sizov
18.03.2025
Grain prices rose on Monday. The May SRW wheat contract closed at $5.68/bu ($209/mt; +2.0% compared to Friday). The May HRW wheat contract in Kansas increased to $6.05/bu ($222/mt; +3.3%). The May Euronext wheat contract settled at €224.50/mt ($245/mt; +0.4%). The May U.S. corn contract rose to $4.61/bu ($182/mt; +0.6%).
For the week ending March 13, U.S. wheat exports totaled 493,000 mt, exceeding market expectations of 175,000-450,000 mt.
According to Conab, planting of Brazil’s second corn crop is 90% complete, in line with the five-year average.
The share of winter wheat in good-to-excellent condition in Kansas declined to 48% from 52% the previous week.
As of March 17, Ukraine had shipped 31.0 mmt of grain and pulses, down from 32.9 mmt a year earlier, according to the country’s Ministry of Agrarian Policy. Since the beginning of March, 1.8 mmt had been exported, compared to 3.2 mmt in the same period last year.
