Written Commentary
ADM Exceeds 5M Regenerative Agriculture Acreage Gal
September 9, 2025
London Wheat Report
A rollercoaster day today with grain markets seemingly undecided on which direction they head. London ended the day up across all traded contracts bar that of the Nov-27 contract, which ended the day £2.00 down after 11 lots passed through the exchange. Matif also ended the day higher, bolstered by the Chicago wheat contract, which saw stronger prices in the US main session.
A weaker dollar offered support to the Chicago contract while limiting upside on the GBP-denominated London wheat contract and the EUR-denominated Matif contract. News from the field: it was reported today by consultancy APK that up to 60% of Ukrainian agricultural land intended for sowing winter grain crops is dry, and sowing in these areas is currently impractical. Historically, Ukraine has been a major traditional producer of winter grains, but in recent years farmers have rolled the dice by sowing seeds in dry soil, hoping that a wet and mild winter will allow the seedlings to sprout and grow strong. Ukraine has already begun sowing winter crops, planting about 1% of the planned 5.4 million hectares as of September 12.
Across the pond, Chicago soybean contracts fell today, as lacking demand from China for U.S. supplies pressured, with market participants watching for signs of progress as U.S.-China trade talks resumed in Madrid.
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