On Wednesday U.S. grain futures extended gains. March SRW wheat futures settled at $5.40/bu ($199/mt; +0.2% from Tuesday). March HRW wheat rose to $5.30/bu ($195/mt; +0.3%). March Euronext wheat closed at €190.25/mt ($221/mt; unchanged). March U.S. corn futures firmed to $4.45/bu ($175/mt; +1.6%).
Turkey’s grain agency TMO bought 300,000 mt of Russian wheat for December shipment outside its regular tender process, European traders said.
Authorities in Russia’s Orel region declared a state of emergency because of waterlogged soils in October–November. The region is among the three largest winter wheat producers in the Central Federal District.
Russian farmers are selling grain and oilseeds at a record pace, likely reflecting a difficult financial situation, SovEcon said in a report.
