Written Commentary
ADM Exceeds 5M Regenerative Agriculture Acreage Gal
September 9, 2025
London Wheat Report
Source: FutureSource
Volatility reaches ridiculous levels. Brent crude hit a trading high at time of writing of $113.94/ba today before pulling back marginally. Chicago wheat hit the extended limits again. Global awareness of the gravity of cutting resource rich Russian exports is becoming a harsh reality. White House economic advisor, Ramamurti, says that they do not want to go after Russian Oil and Gas right now as he believes it could raise global prices ….. think we are already at unprecedented prices on markets now. Fertiliser prices around the globe are jumping with availability declining. China has started beating the drums to ensure state owned agencies are covered for energy and commodity supplies to ensure power and stability. Continued talks are on the table between Russia and Ukraine later this evening and Russian artillery continues to bombard southern Ukrainian towns.
Wheat markets saw some serious volatility in today’s trading. Chicago wheat hit upper limit of 1059 before a mid-morning liquidation where it was trading unchanged before hitting the upper limit once again. Matif milling wheat Mar-22 followed, hitting a trading high of €390/t shortly after opening before hitting a trading low of €349.75 when Chicago liquidated before settling up €9.75 on yesterday at €361/t. May-22 hit a trading high of €371.25/t and a trading low of €330.50/t before settling up €0.50 on yesterday at €340.75/t. Crazy. London wheat May found support and Nov settled down. Jordan did not have any market participants in it 120kt tender and Turkey started purchases for its 435kt, purchasing an initial 75kt. Price to be confirmed. North African wheat buyers were reported to be mulling Argentinian wheat imports.
USDA reported 364kt of soybeans to unknown and 266kt of
Soybeans to China. Malaysian palm continues to make new highs. Matif rapeseed
saw May-22 settle down €22 on yesterday at €803.75 and Aug-22 settled up €3 at
€711.50/t.
Contact the ADMISI Grains and Oilseeds Derivatives Brokerage team
Hanne Bell, Ryan Easterbrook, Dominic Enston and Aaron Stockley-Isted
Phone: +44 (0)20 7716 8477 or +44 (0)20 7716 8140 Email: intl.grains@admisi.com
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© 2022 ADM Investor Services International Limited
Risk Warning: Investments in Equities, Contracts for Difference (CFDs) in any instrument, Futures, Options, Derivatives and Foreign Exchange can fluctuate in value. Investors should therefore be aware that they may not realise the initial amount invested and may incur additional liabilities. These investments may be subject to above average financial risk of loss. Investors should consider their financial circumstances, investment experience and if it is appropriate to invest. If necessary, seek independent financial advice.
ADM Investor Services International Limited, registered in England No. 02547805, is authorised and regulated by the Financial Conduct Authority [FRN 148474] and is a member of the London Stock Exchange. Registered office: 3rd Floor, The Minster Building, 21 Mincing Lane, London EC3R 7AG.
A subsidiary of Archer Daniels Midland Company.
© 2025 ADM Investor Services International Limited.
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