Written Commentary
ADM Reports Third Quarter 2025 Results
November 4, 2025
London Wheat Report
London wheat came off once again, with the Nov-25 contract trading down £2.05 on the day. Both May-26 and Nov-26 also saw red on the screen, with all contracts following Matif and Chicago wheat contracts further down under strong harvest pressure in the northern hemisphere.
Prices on screen for Chicago
wheat futures approach their lowest since 2020 as seasonal supply pressure from
Northern Hemisphere harvests weighs on the market. In addition, corn edged yet
further down to set fresh contract lows, with steady U.S. crop conditions and a
bumper Brazilian harvest also keeping the focus on ample supply. General
consensus across the major grain-producing Northern Hemisphere areas is that
there are now ample supplies, with market participants playing down mixed crop
results in Russia. Additionally, rain has also eased concern over dryness
affecting wheat in Canada as well as in Southern Hemisphere exporters Australia
and Argentina.
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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Futures and options trading involve significant risk of loss and may not be suitable for everyone. Therefore, carefully consider whether such trading is suitable for you in light of your financial condition. The information and comments contained herein is provided by ADMIS and in no way should be construed to be information provided by ADM. The author of this report did not have a financial interest in any of the contracts discussed in this report at the time the report was prepared. The information provided is designed to assist in your analysis and evaluation of the futures and options markets. However, any decisions you may make to buy, sell or hold a futures or options position on such research are entirely your own and not in any way deemed to be endorsed by or attributed to ADMIS. Copyright ADM Investor Services, Inc.
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