Wheat Morning Audio Recap

<div><audio controls><source src="https://stream.futuresline.com/audioarchive/1744632324570-40113.mp3" type="audio/mp3"></audio></div><br /><h3 style="font-family: Verdana, Geneva, sans-serif;">Transcript</h3><div style="font-size: 12pt; font-family: Verdana, Geneva, sans-serif;">Here's the latest on the Wheat Market from QT NEWS.<br /><br />As of April 14, 2025, the wheat market is experiencing a mix of caution and opportunity amid varying conditions worldwide. The latest updates indicate that France AgriMer's report shows that soft wheat conditions are rated at 75% good to excellent, slightly down from 76% the previous week. Similarly, durum wheat conditions are recorded at 79%, down from 80%. In Russia, over 93% of winter grain crops are reported to be in good condition, indicating favorable growing circumstances for this crucial crop.<br /><br />Looking at market activity, Jordan's state grain buyer is seeking to acquire up to 120,000 metric tons of milling wheat, with offers due by April 15 and shipments expected between July 1 and August 31. Additionally, Syria has announced a tender for approximately 100,000 metric tons of milling wheat, with offers due on April 21.<br /><br />From a trading perspective, Euronext Paris shows May mill wheat futures decreasing slightly by ?0.25, now trading at ?216.25 per metric ton. This decline reflects a market that is grappling with adjusting export expectations.<br /><br />Analysts project that the upcoming American weekly export sales data will likely reveal figures ranging from 100,000 to 550,000 metric tons. This range reflects the current cautious optimism characterized by global demand for wheat alongside localized production challenges.<br /><br />As the trading day proceeds, it will be essential to monitor upcoming USDA reports, which are expected to significantly influence market strategies and decisions moving forward. The overall sentiment remains a blend of short-term caution and the recognition of potential opportunities that arise in the continuous global interactions and demand for wheat.</div>