Written Commentary
ADM Exceeds 5M Regenerative Agriculture Acreage Gal
September 9, 2025
London Wheat Report
Yesterday’s USDA WASDE report has firmly raised the country’s estimates for corn and soybean production from a month earlier, putting its soybean crop projection at a record level. As a result of yet more bearish news, soybean futures prices have continued to come off today.
London, Paris, and US wheat also eased today against a backdrop of competition from cheaper Black Sea supplies and after yesterday’s modest Egyptian wheat purchase. As reported yesterday, the Republic managed to purchase 280,000t of Ukrainian wheat at USD 244/t—only 7.4% of the initial tender tonnage. Today it has emerged that Egypt’s state commodities buyer, GASC, has once again engaged in conversations to buy wheat from the global market. This tender is alleged to be up to 1.8 mmt, offered by numerous sellers, including those of Russian origin. Russia, which is at present is the world’s largest wheat exporter, has been steadily increasing its presence in the MEA regions as it aims to raise agricultural exports by 150% by 2030.
China, the world’s largest agricultural importer, has in recent weeks been besieged by waves of crop damaging weather. Typhoon Gaemi battered the southern, mainly rice-producing provinces, while intense heat across its northern corn and wheat-producing regions is playing havoc with crops. These tougher growing conditions could prompt a further increase in Chinese buying—something that will be closely watched by US and Brazilian producers.
Contact the ADMISI Grains and Oilseeds Derivatives Brokerage team
Ryan Easterbrook, Aaron Stockley-Isted and Jamie Kirkwood
Phone: +44 (0)20 7716 8477 or +44 (0)20 7716 8140 Email: intl.grains@admisi.com
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