Andrey Sizov
12.05.2025
On Friday, U.S. wheat futures declined. July SRW wheat closed at $5.22/bu ($192/mt; -1.4% compared to Thursday). July HRW wheat in Kansas fell to $5.17/bu ($190/mt; -1.4%). September Euronext wheat settled at €202.75/mt ($228/mt; +0.1%). July U.S. corn rose to $4.50/bu ($177/mt; +0.5%).
According to the USDA, U.S. exporters sold 1.7 mmt of corn for 2024/25 delivery in the week ending May 1, above the expected range of 0.7–1.4 mmt.
The USDA also reported sales of 205 tmt of corn to Mexico for 2024/25 delivery, 165 tmt for 2025/26, and 115 tmt to unknown destinations for 2024/25.
In recent weeks, Chinese companies have purchased around 400–500 tmt of wheat from Australia and Canada amid hot weather posing risks to crops, Reuters reported, citing trade sources.
India’s Meteorological Department said the monsoon season is expected to start five days earlier than usual, on May 27, 2025.
Russia’s wheat export duty will slightly decrease to 1,755.9 rub/mt from 1,758.2 rub/mt a week earlier, according to the Russian Ministry of Agriculture.
