Andrey Sizov
20.11.2024
On Tuesday, wheat futures continued to rise. The March SRW wheat contract closed at $5.68/bu ($209/mt), up 0.4% from Monday. The March HRW wheat contract in Kansas increased to $5.69/bu ($209/mt), up 0.4%. The March Euronext wheat contract closed at €227.25/mt ($241/mt), up 0.3%. The March U.S. corn contract fell to $4.38/bu ($172/mt), down 0.5%.
From July 1 to November 17, the EU exported 8.8 million mt of soft wheat, compared to 12.7 million mt in the same period last year, according to the European Commission. Barley exports totaled 1.8 million mt, down from 2.9 million mt a year earlier.
As of November 18, Ukrainian farmers had sown 5.1 million ha of winter grains out of a planned 5.2 million ha, according to the Ministry of Agrarian Policy. This includes 4.4 million ha of winter wheat out of a planned 4.5 million ha and 0.61 million ha of barley out of 0.64 million ha.
SovEcon is hosting a webinar on Black Sea grain market in 2024/25. Join us next Thursday, November 21; 10:30AM US Eastern / 4:30PM Central European / 6:30PM Moscow. Check out our website to find out more
