Andrey Sizov
22.05.2025
Grain futures continued to rise on Wednesday. July SRW wheat closed at $5.49/bu ($202/mt; +0.6% compared to Tuesday). July HRW wheat in Kansas City rose to $5.40/bu ($199/mt; +0.8%). September Euronext wheat settled at €212.00/mt ($240/mt; +1.4%). July corn climbed to $4.61/bu ($182/mt; +1.5%).
Brazilian firm Agroconsult estimated the country’s second corn crop at a record 112.9 mmt, 10.5% above last year’s level.
Tropical winds and hot weather are expected in Argentina in the coming days, which should help mitigate the impact of excessive rainfall on crop fields, the Buenos Aires Grain Exchange reported.
SovEcon raised its 2025 wheat production forecast by 1.2 million metric tons (MMT) to 81.0 MMT (vs 82.6 MMT in 2024). SovEcon also published its first estimate for Russia’s total 2025 grain and legume crop, projecting it at 127.6 MMT, up from 125.9 MMT a year earlier. The total crop is expected to grow amid increased barley, corn, and other grains output, offsetting the anticipated decline in wheat production.
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