Andrey Sizov
21.05.2025
U.S. grain futures rose on Tuesday. July SRW wheat closed at $5.46/bu ($201/mt; +3.2% compared to Monday). July HRW wheat in Kansas increased to $5.36/bu ($197/mt; +2.6%). September Euronext wheat settled at €209.00/mt ($236/mt; +3.3%). July corn rose to $4.54/bu ($179/mt; +1.6%).
The Argentine government will extend tax incentives for wheat and barley exports through next March, Economy Minister Luis Caputo said. Incentives for corn and soybean exporters will expire at the end of June.
Rostov region may face lower grain yields this year due to a lack of soil moisture, Anatoly Kolchik, head of the regional Grain Union of agricultural producers, told the newspaper Vedomosti Yug.
From July 1 through May 18, the EU exported 18.5 mmt of soft wheat, down from 27.9 mmt a year earlier, according to European Commission data. Export figures from France and Italy for 2024 remain incomplete, the Commission warned.
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