London Wheat Report

US Corn is entering ‘’ready for harvest’’ territory and yesterday’s crop progress report showed it is rated 69% good to excellent, down 2% on the week. Despite the downgrade of 2 percent G/E, the market came off in todays trading. Corn was trading at a six week high, driven by export demand, however the market sees a bumper US crop which has kept a lid on prices.
US soybeans are rated 65% good to excellent, down 4% on the week. 94% of the US soybean crop are setting pods and 11% are dropping leaves.
Germany’s winter wheat harvest will rise by 26.3% this year to 22.45 million metric tons despite late summer rain falling on crops just before they were gathered, the German agriculture ministry said on Wednesday. Germany’s total 2025 grains crop of all types is forecast to rise 14.8% on the year to some 44.73 million metric tons, it said in its harvest report. Despite repeated summer rain and other unfavorable weather this year, the harvest will still be above last year’s crop and quality will be generally satisfactory, the report said.
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