Andrey Sizov
15.10.2025
Grain futures rose on Tuesday. December SRW wheat closed at $5.00/bu ($184/mt; +0.7% from Monday). December HRW wheat in Kansas climbed to $4.88/bu ($179/mt; +1.5%). December Euronext wheat settled at €190.50/mt ($221/mt; +0.8%). December US corn strengthened to $4.13/bu ($163/mt; +0.6%).
France’s Agriculture Ministry raised its 2025 corn production estimate by 0.1 mmt to 13.7 mmt, which is still 7.6% below last year’s level due to a hot, dry summer. The updated soft wheat production estimate stands at 33.2 mmt (33.3 mmt in September), up 29.2% from 2024 and 4.3% above the five-year average.
According to analysts surveyed by Reuters, the US corn harvest was 44% complete as of the latest week, up from 29% a week earlier and 41% on average. The share of corn rated in good or excellent condition was 64%, compared to 65% last week and a 58% average. Official USDA figures are unavailable due to the government shutdown.
Winter wheat planting in the US was estimated at 66% complete, up from 50% last week and 55% on average.
Between July 1 and October 12, the EU exported 5.5 mmt of soft wheat, down from 7.1 mmt a year earlier, according to European Commission data. The EC noted that export figures for France, Bulgaria, and Ireland are incomplete.
Jordan’s state grain buyer purchased about 60,000 mt of wheat of optional origin in an international tender on Tuesday, traders said. The volume was reportedly bought from CHS at $262.50/mt C&F, with shipment scheduled for the second half of February 2026.
