Andrey Sizov
07.05.2025
Grain futures rose on Tuesday. July SRW wheat closed at $5.31/bu ($197/mt; +0.9% compared to Monday). July HRW wheat in Kansas climbed to $5.38/bu ($198/mt; +1.0%). September Euronext wheat settled at €205.50/mt ($232/mt; +1.6%). July corn increased to $4.55/bu ($179/mt; +0.3%).
Rainy weather in India may damage up to 5.5 million metric tons of wheat that have yet to be placed into storage, according to the Times of India. Industry representatives say part of the crop remains exposed due to a lack of infrastructure, making it vulnerable to moisture-related spoilage.
In China’s Henan province, hot and dry weather is threatening wheat crop development, Reuters reported, citing the Chinese government. Henan produces about one-third of China’s wheat.
As of May 4, EU soft wheat exports totaled 17.8 million metric tons, down from 27.0 million tons a year earlier, according to European Commission data. Analysts warned that export data for France and Italy in 2024 remain incomplete.
