Live Updates > Live Update Details
2025-09-13 01:36:09
[After the release of the USDA report, Euronext wheat futures were stable] (1) After the USDA released its global supply and demand report, Euronext wheat futures were stable. December milling wheat futures closed up 0.1% at €189.75 per ton, having approached the contract low the previous day. (2) The report showed ample global wheat supply and an increase in expectations for US corn production and corn and wheat export demand, but the impact on grain market prices was limited. Chicago wheat futures fell slightly, while corn futures rose slightly. (3) The current wheat market is focusing on price competition among exporting countries. Russian wheat prices fell moderately, and the country's increase in export tariffs from September 17 may weaken its competitiveness. Traders expect Russian wheat prices to fall below $220 per ton. (4) Wheat demand was weak this week. Egypt showed interest in purchasing wheat from the Black Sea region, but was cautious about reports of large-scale purchases by its state-owned institutions, believing that these were likely cumulative purchases in recent months rather than new orders.
