Andrey Sizov
31.03.2025
Wheat futures declined on Friday. The May SRW wheat contract closed at $5.28/bu ($194/mt), down 0.7% from Thursday. The May HRW wheat contract in Kansas City fell to $5.52/bu ($203/mt), down 2.6%. The May Euronext wheat contract settled at €218.75/mt ($237/mt), up 0.2%. The May U.S. corn contract rose to $4.53/bu ($178/mt), up 0.7%.
As of March 27, Ukraine had planted 551.8 thousand ha of grain and pulses out of a planned 5.764 million ha, according to the country’s Ministry of Agrarian Policy.
Between March 1 and 28, Ukraine exported 3.2 million metric tons (mmt) of grain, down from 4.5 mmt a year earlier. Total grain exports since the beginning of the season amounted to 32.4 mmt, compared to 34.2 mmt a year ago.
Russia’s wheat export tax will rise by 4% to 1,921.6 rub/mt starting April 2, up from 1,846.7 rub/mt the previous week, the Ministry of Agriculture reported.
