The international wheat markets were also weaker on Tuesday. On the Chicago exchange, SRW wheat futures closed mixed: while the July contract rose slightly by 3.25 US cents to 543.00 US cents/bushel, the September futures fell marginally. In Kansas City, HRW contracts fell more sharply - both July and September closed down 5 US cents. The downward trend also continued in Minneapolis. July futures lost 7.75 US cents to 613.00 US cents/bushel.
According to the latest US Crop Progress report, 53% of the winter wheat harvest has been completed so far. This is slightly below the five-year average of 54%. Stock quality has remained stable at 48% in the good/excellent category.
On the world market, falling export figures are depressing sentiment. The EU exported around 20.33 million tons of wheat in the period from 1 July 2024 to 30 June 2025 - significantly less than the 31.07 million tons in the previous year. At the same time, the Russian analysis company Sovecon has raised its export forecast for Russia to 42.9 million tons - an increase of 2.1 million tons compared to the previous estimate. This development is putting pressure on the market due to the additional elimination of the export tax.
Wheat also fell slightly on Euronext. For September, it lost €0.25 to €195.75 per tonne.
