On-the-Ground Updates

Trade of H2, APW1, and AGP1 Wheat Was Down on March 23, 2023

Wheat
Australia
United States
Market & Price Trends
Sean Flanery
Published Mar 24, 2023
Overseas wheat markets were mixed overnight. While US wheat was flat, European wheat was slightly lower. The Australian wheat market was quiet on March 23, 2023. Due to internal conferences all day, two of the major purchasers did not present any bids. For the buyers still in the market bids were back around USD 6.70/MT on March 23, 2023 as the Australian market followed the drop in the overseas wheat markets. Domestically, H2 traded down USD 22.91/MT on W11, trading at US$257.85/MT* on W12. APW1 was down WoW by USD19.23/MT, trading at US$254.84/MT* on W12, and AGP1 was down US$9.36/MT WoW, currently trading at USD 248.15/MT*.

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