Written Commentary
ADM Exceeds 5M Regenerative Agriculture Acreage Gal
September 9, 2025
Source: Future Source
Markets, across the board, plunged lower in today’s trade with investment fund selling the likely culprit. Sharp declines in crude oil and equities perhaps encouraging speculators to liquidate their bullish positions they had built up in ags in recent months.
Wheat seemed to be the biggest loser of the day with improved weather in the US and increased crop forecasts coming out of Europe.
Germany’s association of farm cooperatives have increased their forecast for both wheat and rapeseed production in their latest estimate. Their 2021 German wheat forecast is seen at 22.66 MMT, up marginally from their April forecast but 2.4% higher YoY. Their 2021 rapeseed forecast is seen at 3.62 MMT, up from 3.57 MMT in April, but 3.1% higher than last year. Recent rains have been positive for crops but colder temps has meant harvest is likely to be 2 weeks behind schedule. Germany is the EU’s largest rapeseed producer and second largest wheat producer behind France.
London wheat May21 saw another 271 lots of original tenders today which largely takes care of the OI. This is a big chunk of wheat and it is a bit of a surprise to this additional volume thrown at the board. This makes one think that there could be a bit more old crop wheat around than the trade was expecting.
Contact the ADMISI Grains and Oilseeds Derivatives Brokerage team
Hanne Bell & Ryan Easterbrook
Phone: +44 (0)20 7716 8477 or +44 (0)20 7716 8140 Email: intl.grains@admisi.com
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Risk Warning: Investments in Equities, Contracts for Difference (CFDs) in any instrument, Futures, Options, Derivatives and Foreign Exchange can fluctuate in value. Investors should therefore be aware that they may not realise the initial amount invested and may incur additional liabilities. These investments may be subject to above average financial risk of loss. Investors should consider their financial circumstances, investment experience and if it is appropriate to invest. If necessary, seek independent financial advice.
ADM Investor Services International Limited, registered in England No. 02547805, is authorised and regulated by the Financial Conduct Authority [FRN 148474] and is a member of the London Stock Exchange. Registered office: 3rd Floor, The Minster Building, 21 Mincing Lane, London EC3R 7AG.
A subsidiary of Archer Daniels Midland Company.
© 2025 ADM Investor Services International Limited.
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