Andrey Sizov
04.09.2024
On Tuesday, grain prices continued to strengthen. The December SRW wheat contract closed at $5.67/bu ($208/mt), up 2.8% from Friday. The December HRW wheat contract in Kansas rose to $5.76/bu ($212/mt), up 1.9%. The December Euronext wheat contract closed at €219.25/mt ($242/mt), up 1.0%. The December US corn contract increased to $4.09/bu ($161/mt), up 2.0%.
According to the USDA, winter wheat planting has started in the US. As of September 1, 2% of winter wheat areas had been planted, compared to 1% at the same time last year.
The USDA reported that 70% of spring wheat in the US has been harvested, compared to 68% the previous year and 70% on average over the past five years. Corn crop conditions are rated good to excellent in 65% of the area, compared to 53% a year ago.
European traders report that Jordan has issued an international tender to purchase up to 120,000 tons of milling wheat of optional origins. The deadline for submitting offers is September 12.
Ukrainian farmers have started sowing winter grains for the 2025 harvest, the Ministry of Agrarian Policy reported. As of September 3, 38,000 hectares, including 28,000 hectares of winter wheat, had been sown.
