Andrey Sizov
16.09.2025
Wheat futures were steady to higher on Monday. The December SRW wheat contract closed at $5.25/bu ($193/mt; +0.3% from Friday). The December HRW wheat contract edged down to $5.14/bu ($189/mt; -0.1%). The December Euronext wheat contract settled at €191.00/mt ($225/mt; +0.7%). The December U.S. corn contract declined to $4.23/bu ($167/mt; -1.6%).
For the week ending September 11, U.S. wheat exports totaled 0.76 mmt, above market expectations of 0.30–0.60 mmt, according to USDA data. Corn exports reached 1.51 mmt, in line with estimates of 1.00–1.50 mmt.
As of September 14, U.S. winter wheat planting was 11% complete, compared with 14% expected and a five-year average of 13%.
Spring wheat harvest was 94% complete, ahead of both the market estimate and the five-year average of 92%. Corn harvest reached 7%, slightly below the market estimate of 9% and in line with the five-year average.
The USDA reported that exporters sold 149 tmt of corn to unknown destinations.
Kazakhstan’s Grain Union estimates the country’s wheat crop at 16.2 mmt, down from 18.6 mmt a year earlier. The decline is attributed to changes in crop area structure, according to union analysts.
