Written Commentary
ADM Reports Q1 2025 Results
May 6, 2025
London Wheat Report
Relatively ‘strong’ volume through the London Nov-25 contract today with prices swinging between £180 and £182. May-26 also saw some volume through the contract but still well below 100 lots passing the exchange. Matif also ended the day in the red across all contracts, with volumes still lower than would usually be expected passing through the exchange.
News from Germany, as it was reported by the country’s national statistics agency that the winter wheat area for the 2025 harvest has been increased by 12.2% from last year to 2.78 million hectares. This comes after some good autumn sowing weather, which subsequently allowed farmers to plant the crops they had intended. The agency estimated that German farmers have increased winter rapeseed sowing for the 2025 crop by 1.5% to about 1.1 million hectares. Germany is generally regarded as the European Union’s second-largest wheat producer, behind France, and a major global exporter, especially for its high-protein-content wheat.
It has been reported today via the General Food Security Authority (GFSA) that Saudi Arabia has bought 621,000 metric tons of wheat in a tender for arrival in August to October. It has also been reported that the purchase involved hard wheat with 12.5% protein content. Speculation as to where the wheat originated placed the European Union, the Black Sea region, North America, South America and Australia as all potential contenders, with the sellers having the option of selecting the origin supplied. It is expected that the wheat in the purchase will be mainly sourced from the Black Sea region, including Russia, Romania and Bulgaria.
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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