Written Commentary
ADM Exceeds 5M Regenerative Agriculture Acreage Gal
September 9, 2025
London Wheat Report
A similar start with trade generally lower in the overnight before a rebound led by wheat.
Some analysts stating that Australia, the world’s fourth-largest wheat exporter, is on course for an improvement for its 2024/25 wheat production. Seeing their wheat production potential as high as 30mmt which would equate to an increase of 4mmt on last year’s harvest. The adjustment comes off the back of beneficial weather bringing rainfall to the cropping zones in the west and south of the country.
Ukraine’s grain traders’ union, UGA, has cut Ukraine’s 2024 combined grain and oilseeds crop providing some slightly more bullish news. They have forecasted a reduction of 2.8mmt leading to a total output of 71.8mmt owing to an ongoing heatwave. The union said this year’s harvest could include 23.4mmt of corn, 19.8mmt of wheat (still above the July WASDE estimate of 19.5mmt), 4.95mmt of barley, 12.8mmt of sunseed, 4.8mmt of soybeans and 4.3mmt of rapeseed. For a very different weather-related reason, but the same overall outcome, France’s producers’ group, AGPB, said yesterday following months of persistent heavy rain (shown in the graphic below – region Champagne-Ardenne) that the countries wheat crop may only reach 26 million metric tonnes this year. This would bring output down to a level not seen since the 1980s again potentially countering larger harvest elsewhere.
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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