Written Commentary
Sean Barry 2025 ChicagoCIO ORBIE Finalist
February 6, 2025
London Wheat Report
An incredibly steady day on London today with buyers and seller obviously hesitant to exchange on the day’s prices. Across the May 25, November 25 and May 26 contracts just under 150 lots were traded indicating some reluctance to part way with grain. The day ended with both London and Paris wheat in the red.
Across the pond, The White House released a statement regarding a telephone call between President Trump and President Putin. Reportedly, the main theme of the call was to kick off negotiations for an eventual ceasefire between Russia and Ukraine. Early talk is Putin invited Trump to Russia and Trump invited Putin to the US. This initial olive branch jousting has led some to ponder what the map of Ukraine will ultimately end up looking like especially given the overlap between the country’s grain producing regions and areas held under Russian control (highlighted in red below).
Source: State Statistics Service of Ukraine (Rosstat for Crimea Oblast)
Closer to home, the French Agri-consultancy Strategie Grains has marginally increased its wheat production forecast for the EU region for the 2025/26 season. This is reportedly due to a larger than expected planted area in France. The EU’s soft wheat output is now expected to reach 127.7 mmt a figure which is up from the 127.2 mmt forecasted last month and significantly higher than the 113.7 mmt previously projected for 2024/25. France’s growing conditions are so far significantly better than the previous year which saw the country’s wheat fields under water.
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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