The 2025 global wheat futures prices rose compared to 2024

Published 2024년 10월 22일

Tridge summary

The article highlights the factors contributing to the increase in futures prices for the wheat crop 2025, driven by adverse weather conditions in key wheat-producing countries like Russia, Ukraine, France, and potential dry weather in Argentina and southern Australia. The delayed sowing and harvesting of crops in France, due to excessive rainfall, are of particular concern, as they could further reduce the global wheat supply. The article also notes the widening spread between feed futures for the 2024/25 marketing year, attributed to the harvesting campaign and concerns about the global wheat area for 2025. It emphasizes the need to monitor wheat exports from major exporters and the impact of weather risks on crop prices, as these factors could influence the price differential between wheat crops 2024 and 2025.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Sign up to receive the Weekly Market Report and Grain Market Daily from AHDB. Recently, the market has received information that is supporting futures prices for the wheat crop 2025. Indeed, there is information about sub-optimal weather conditions for winter crops in Russia and Ukraine, plus the delayed maize harvest in France due to heavy rains, which may affect the sowing of winter crops, including wheat. After repeated heavy rains last autumn and this summer led to the smallest wheat crop in 40 years, France had its wettest September in 25 years. This, and further rainfall in the first half of October have left some crop land waterlogged again. FranceAgriMer said 10% of the country's expected soft wheat area and 20% of the projected winter barley area had been sown by Monday October 14. This is low compared with five-year averages of 27% and 42%, respectively. Argentina and southern Australia could also face weather risks in the future. Over the past week we have received ...

Source: Ahdb