Written Commentary
ADM Exceeds 5M Regenerative Agriculture Acreage Gal
September 9, 2025
London Wheat Report
After the UK’s late summer bank holiday yesterday, London wheat was playing catch up to its Matif equivalent. The London November wheat contract dropped down to a low of 174.65 midmorning before recovering some ground little by little to finish the day at GBP 179.90. The Paris September wheat contract followed a similar path, as seen on the graph below, finishing the day EUR 193.75.
It was reported today that Jordan’s state grain buyer purchased around 60,000 metric tonnes of hard-milled wheat. The successful bidder offered the full tonnage at an estimated USD 254.50 a tonne (cost and freight) for shipment in the first half of October. This is priced marginally higher than some of the previous tenders we have seen over the past couple of months but still shows the eagerness for state buys to make the most of the lower global prices on offer. Last week saw Black Sea grain supplies continue to outcompete export demand; today’s prices suggest this pressure may remain in place for a while longer, raising the question: surely these low prices can’t live forever.
Source: Refinitiv
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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