Andrey Sizov
25.03.2025
Wheat futures declined Monday. The May SRW wheat contract closed at $5.48/bu ($201/mt; -1.8% compared to Friday). The May HRW wheat contract in Kansas City fell to $5.78/bu ($212/mt; -1.8%). The May Euronext wheat contract closed at €222.25/mt ($240/mt; -1.8%). The May U.S. corn contract remained unchanged at $4.64/bu ($183/mt).
According to USDA data, wheat export inspections for the week ending March 20 totaled 485 tmt, above expectations of 200–400 tmt.
Second-crop corn planting in Brazil was 96% complete, compared to 97% last year and 92% on the five-year average, Conab reported.
Morocco will extend its soft wheat import subsidy program through December 2025 amid ongoing drought conditions.
