Andrey Sizov
05.05.2025
Wheat futures rose on Friday. July SRW wheat closed at $5.43/bu ($200/mt; +2.3% compared to Thursday). July HRW wheat in Kansas rose to $5.41/bu ($199/mt; +2.6%). September Euronext wheat settled at €207.50/mt ($234/mt; +0.6% compared to Wednesday). July corn fell to $4.69/bu ($185/mt; -0.7% compared to Thursday).
Turkey allocated a 1 mmt corn import quota, the country’s Ministry of Trade announced on May 1. The quota is valid through the end of July.
The FAO Food Price Index rose by 1.2 points (1.0%) to 128.3 points in April 2025. The non-cereal component of the index increased by 1.3 points (1.2%) to 111.0 points.
Russia’s wheat export duty will rise to 1,758.2 rub/mt starting May 7, up from 1,596.7 rub/mt the previous week, according to the Ministry of Agriculture.
As of May 2, Ukraine had planted 3.25 million ha of spring grains and pulses, 6% below last year’s level, according to the Ministry of Agrarian Policy. Corn was planted on 1.9 million ha, wheat on 0.2 million ha, and barley on 0.7 million ha.
In the week ending April 24, U.S. exporters sold 1.014 mmt of corn for delivery in the current season, above the forecast range of 700–1,500 tmt. Corn sales for delivery in 2025/26 totaled 245 tmt, exceeding the expected 0–200 tmt.
More than 15,000 USDA employees, or 15% of the total staff, have agreed to leave the agency in exchange for financial compensation, Reuters reported.
