The price of wheat did not reach the three-month peak in United States
Wheat
Soybean
Canola Seed & Rapeseed
Maize (Corn)
United States
Published Oct 4, 2022
Tridge summary
In America, prices on the crop markets tended to rise, while in Europe they tended to fall. In Chicago, wheat became cheaper by 1 percent, but corn rose by 0.5 percent, soybeans by 0.7 percent, and canola by 1.4 percent. In Europe, the price of mill wheat, corn and fodder wheat also closed in the red. Here, the minimal price increase of rapeseed was the exception.
Original content
Chicago wheat futures fell on profit-taking on Monday after nearing a three-month high, traders said. The drop in wheat futures came after official estimates for the US harvest fell and heightened tensions over the Ukraine war drew renewed attention to global supply risks. Soybean futures, meanwhile, ended higher after hitting their lowest level about two months earlier, before falling again on Friday when the US Department of Agriculture (USDA) released quarterly data. "Prices have stabilized somewhat after Friday's sharp price breakout," said Tomm Pfitzenmaier, analyst at Summit Commodity Brokerage. The United States Department of Agriculture said on Friday that the 2022 US wheat harvest was smaller than previously forecast and fell short of analysts' expectations. In a separate quarterly report, the USDA reported Friday that U.S. corn inventories were below analysts' expectations and soybean inventories exceeded estimates. Larger-than-expected soybean inventories put pressure ...
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