Andrey Sizov
20.05.2025
The U.S. Grain futures rose on Monday. July SRW wheat closed at $5.29/bu ($194/mt; +0.8% compared to Friday). July HRW wheat in Kansas increased to $5.23/bu ($192/mt; +1.2%). September Euronext wheat settled at €202.25/mt ($227/mt; -1.0%). July corn rose to $4.47/bu ($176/mt; +0.9%).
As of May 18, the share of U.S. winter wheat rated good or excellent stood at 52%, down from 54% the previous week, according to USDA data. Market participants had expected a share of 54%.
Corn planting in the U.S. was 78% complete, slightly below the market estimate of 79% but ahead of last year’s 67%. Spring wheat planting reached 82%, compared to the market’s estimate of 80% and 76% a year earlier.
Over the weekend, up to 400 mm of rainfall was recorded in parts of Argentina’s Buenos Aires province, Reuters reported, citing local meteorological services.
A state of emergency was declared in Russia’s Rostov region on May 19 due to frost damage in late April.
Saudi Arabia purchased 621 tmt of wheat at $248–256/mt C&F for delivery in August–October through an international tender, according to market participants.
