Andrey Sizov
19.05.2025
Grain futures declined on Friday. July SRW wheat closed at $5.25/bu ($193/mt; -1.4% compared to Thursday). July HRW wheat in Kansas dropped to $5.16/bu ($190/mt; -2.2%). September Euronext wheat settled at €204.25/mt ($228/mt; -0.8%). July corn declined to $4.43/bu ($175/mt; -1.1%).
From Friday night to Saturday, parts of northern Buenos Aires province in Argentina received up to 260 mm of rainfall, causing localized flooding.
Brazil’s 2024/25 corn crop could reach 125 mmt, according to Paulo Bertolini, president of corn and sorghum producers association Abramilho.
China’s Meteorological Administration forecasts hot, dry winds across major winter wheat-producing regions, including Henan. Temperatures in these areas could climb to 40°C from Monday through Thursday.
Russia’s wheat export duty will be reduced to 1,550.3 rub/mt from 1,755.9 rub/mt the previous week, the Russian Agriculture Ministry reported.
