On-the-Ground Updates

Wheat Prices Soar After Russia Suspends Grain Corridor Agreement

Wheat
United States
Supply Chain Management
Regulation & Compliances
Market & Price Trends
Alper Akkurt
Published Nov 3, 2022
After Russia suspended the Grain Corridor Agreement with Ukraine on October 29, wheat futures at the Chicago Board of Trade (CBOT) rose 7.7%, the highest level in the last two weeks. The wheat futures price first went up to USD 8.93 per bushel, then dropped to USD 8.79 per bushel. Most food prices increased at the beginning of W44 following Russia's decision to withdraw. This includes corn futures prices, which rose 2.8%, and soybean oil prices, which rose 3%.

What to read next

On-the-Ground Updates
Frosty Weather in Poland Disrupts Apple Orchards, Prices Set to Rise in 2024
Theodoros Damvakaris · Apr 25, 2024
On-the-Ground Updates
Price of Fresh Cuttlefish Surged 9.1% WoW in the Italian Market Due to an Abundant Supply
Giselle Landaeta · Apr 24, 2024
On-the-Ground Updates
Egypt's Fresh Garlic Prices Soared by 40% MoM in Apr-24 Amid Inflation and Currency Changes
Emad Kader · Apr 24, 2024
On-the-Ground Updates
Stable Bread Prices in Egypt Despite 10% MoM Drop in White Wheat Prices
Emad Kader · Apr 24, 2024
On-the-Ground Updates
Early Greek Bostana Watermelon Exports Begin Amidst Chilly European Weather
Theodoros Damvakaris · Apr 22, 2024

Read more relevant content

News
United States: Michigan apple trees ready to bloom
MXfruit · Apr 26, 2024
News
Fruit exports fall 1% during the first quarter of 2024
Portaldelcampo · Apr 26, 2024
News
Spanish fruit and vegetable imports grew 26% in value in the first two months of 2024
Agraria · Apr 25, 2024
News
Fruits of Chile anticipates “good season” for citrus: 383 thousand tons are projected
Portaldelcampo · Apr 26, 2024
News
Spanish fruit and vegetable imports grew 26% in value in the first two months of 2024
Portaldelcampo · Apr 26, 2024
News
Brazil expands international markets for its fruits
Portaldelcampo · Apr 26, 2024
News
Winemakers Association: 2024 Harvest Forecast Report
Portaldelcampo · Apr 26, 2024
News
Vitis Vinifera, the immense variety of wine grapes in the world
Portaldelcampo · Apr 26, 2024
By clicking “Accept Cookies,” I agree to provide cookies for statistical and personalized preference purposes. To learn more about our cookies, please read our Privacy Policy.