Andrey Sizov
02.09.2025
U.S. markets were closed on Monday in observance of Labor Day. The December Euronext wheat contract fell to €191.75/mt ($225/mt; -1.2%).
Australia’s ABARES raised its 2025/26 wheat production forecast to 33.8 mmt, up from 30.6 mmt in June. The crop is expected to be 1% below last season’s level but 22% above the 10-year average.
Between August 1 and 29, Ukraine shipped 2.3 mmt of grain, down from 3.0 mmt a year earlier, according to the country’s Economy Ministry. Total grain exports since the start of the season reached 4.0 mmt, compared with 6.7 mmt last year.
The worst flooding in decades in Pakistan is expected to have severe consequences for the country’s agriculture, Reuters reported, citing market participants. Rice and corn were among the affected crops.
