International Wheat Market

30-May-2025 08:16 AM

International Wheat Market
Following the trade court's ruling against the "Liberation Day" tariffs and the appellate court’s temporary stay, export sales data—delayed due to the Monday holiday—will be out Friday morning.
Traders expect:
2024/25 net sales: from a reduction of 200,000 metric tons to sales of up to 100,000 metric tons
New crop sales: 300,000 to 800,000 metric tons
SovEcon estimates Russia’s wheat exports at 40.8 million metric tons for 2025/26, up 1.1 million from its previous forecast. Private agency ASAP Agri projects Ukraine’s 2025/26 wheat exports at 15 million metric tons, down from 16.2 million in 2024/25.