Written Commentary
ADM Exceeds 5M Regenerative Agriculture Acreage Gal
September 9, 2025
London Wheat Report
A big day on London today with big highs and lows. Volume was strong, enticed by a morning of temporary strengthening prices. Higher volumes allowed for prices to trade through just about every level, with the new crop Nov-25 contract trading up briefly to £195 and trading down to £188.05, as seen in the rollercoaster of a chart below. Paris wheat had followed the U.S. wheat contracts up on the open this morning before ending the day slightly up on yesterday’s close.
Source: Refinitiv
Across the pond, Chicago soybean futures rose today to move away from a four-month low, tracking a wider recovery in financial markets as investors assessed the chances for negotiations to avert US-led tariffs. The weakened dollar also allowed corn and wheat, less affected than soybeans by tariff concerns, to extend gains to trade around two-week highs. Despite further threats by Washington and Beijing of more retaliatory tariffs, markets took some reprieve today in the readiness of some U.S. trading partners, including Japan and the European Union, to negotiate. On the corn market, there has been relief that Mexico, the main export outlet for U.S. corn, has been spared blanket tariffs. In addition, reports of heavy rain in part of the U.S. Midwest, which may slow early U.S. planting, and dryness in Brazil have also underpinned corn’s recent performance.
At the time of writing, it was announced that the White House press secretary says 104% tariffs went into effect on China; additional tariffs will be collected starting April 9th.
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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