Andrey Sizov
09.09.2025
Grain futures rose on Monday. The December SRW wheat contract closed at $5.24/bu ($192/mt; +0.8% from Friday). The December HRW wheat contract climbed to $5.17/bu ($190/mt; +2.4%). The December Euronext wheat contract settled at €191.00/mt ($225/mt; +1.1%). The December U.S. corn contract increased to $4.22/bu ($166/mt; +0.9%).
Corn harvesting has begun in the U.S., according to USDA data. As of September 7, 4% of planted area had been harvested, compared with 5% expected and a five-year average of 3%. Spring wheat harvest was 85% complete, slightly ahead of both the market estimate and the five-year average of 84%.
USDA rated 68% of the U.S. corn crop in good or excellent condition, above both the market expectation of 67% and last year’s 64%.
Winter wheat planting in the U.S. was 5% complete, in line with expectations and slightly behind the five-year average of 6%, the USDA said.
Between September 1 and 8, Ukraine exported 0.5 mmt of grain, down from 0.6 mmt a year earlier, according to the country’s Economy Ministry. Total grain exports since the beginning of the season reached 4.6 mmt, compared with 7.9 mmt last year.
