Andrey Sizov
26.11.2024
On Monday, grain futures declined. The March SRW wheat contract closed at $5.56/bu ($204/mt), down 1.6% from Friday. Kansas’s March HRW wheat contract fell to $5.57/bu ($205/mt), down 1.5%. The March Euronext wheat contract closed at €222.25/t ($236/mt), down 2.5%. The March US corn contract dropped to $4.33/bu ($170/mt), down 0.5%.
According to USDA data, winter wheat planting in the United States is 97% complete, matching market expectations and last year’s levels. The condition of 55% of the crop is rated good to excellent, compared to market expectations of 51% and 50% a year ago.
Algeria’s state grain agency OAIC will hold a tender on Nov. 26 to purchase 50,000 mt of soft wheat of optional origin.
Bangladesh’s Directorate General of Food (DGF) closed submissions on Nov. 25 for a tender to purchase 50,000 mt of milling wheat of optional origin. Offers were submitted by Agrocorp, Aston, and Cereal Crop.
According to the Ministry of Agrarian Policy, as of Nov. 25, Ukraine exported 17.5 million mt of grain in the 2024/25 season, compared to 12.7 million mt a year earlier. Exports since the beginning of November totaled 3.1 million mt, down from 3.5 million mt a year ago.
