Written Commentary
ADM Exceeds 5M Regenerative Agriculture Acreage Gal
September 9, 2025
London Wheat Report
The US Department of Agriculture’s (USDA) weekly crop progress report indicates a positive trend for the US winter wheat crop. Winter Wheat Condition: 51% of the US winter wheat crop is rated in good-to-excellent condition, a 2% increase from the previous week. This is the highest rating for this time of year since 2020. Drought Conditions: Drought conditions have eased in parts of the US winter wheat belt due to showers in the southern Plains, particularly heavy rains in Oklahoma. As of April 29, 23% of the winter wheat crop was located in areas experiencing drought, down from 33% the previous week.
Soybeans fell in today’s trade after worries what President Trump’s Environmental Protection Agency (EPA) funding cuts would do for biofuel demand in the US. Markets are also watching for signs of a defrost in U.S./China trade tensions, with China’s commerce ministry saying on Friday that it is “evaluating” a U.S. offer to hold talks on tariffs imposed during the Trump administration.
European Union soft wheat exports since the start of the 2024/25 season in July had reached 17.81 million metric tons by May 4, down 34% compared to a year earlier, European Commission data showed on Tuesday. A breakdown of this season’s volumes showed Romania was still the largest EU soft wheat exporter with 4.78 million tons exported so far, followed by Lithuania with 2.39 million tons, Germany with 2.20 million, France with 2.05 million tons and Latvia with 2.03 million tons.
London wheat has struggled of late to find support and today was no different. Volume was steady with the market trading in the red all day.
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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