International Wheat Market
09-Jul-2025 08:23 AM
International Wheat Market
According to USDA's Crop Progress data, 53% of the U.S. winter wheat crop has been harvested, slightly behind the 54% average. Crop conditions were unchanged at 48% good/excellent, with the Brugler500 index up 2 points to 331.
Spring wheat was 61% headed, ahead of the 58% average. However, spring wheat conditions declined by 3% to 48% good/excellent, with the Brugler500 index falling 8 points to 337. By state, MN dropped 8 points and ND fell 4 points.
The European Commission estimates EU wheat exports at 20.33 million metric tons from July 1 to June 30, down from 31.07 million metric tons last year.
Sovecon raised its estimate for Russian wheat exports to 42.9 million metric tons, up 2.1 million from its previous forecast.