Tridge summary
The text discusses the factors affecting the prices of wheat, barley, corn, sunflower, and soybeans in the global and Russian markets. For wheat, factors leading to price growth include increased demand for Russian wheat and barley and decreased supplies from Ukraine. Factors leading to price decrease include high wheat harvest rates in the US and the successful passage of the first Ukrainian trading ship from Odessa to Turkey without grain agreements. For barley, factors leading to price growth include active demand from Saudi Arabia, Jordan, and North African countries. The sunflower market has seen a growth in prices due to significant demand from Egypt, India, and possibly China, while the factors leading to price decrease include a potential decrease in export duties and reduced buying activity before the new season. There are no significant factors affecting the prices of corn, and soybean prices have been influenced by high demand from China and improved soybean crop conditions in the US.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.
Original content
WHEAT World market Factors leading to higher prices: Shifting demand for Russian wheat and barley against the background of falling supplies from Ukraine increases FOB prices on the basis of the Azov-Black Sea basin. Factors leading to lower prices: High rates of wheat harvesting in the USA: winter wheat is harvested on 92% of the area, spring wheat - by 24% (+9% compared to the same period last year), which puts natural pressure on prices in the country; The first Ukrainian merchant ship successfully passed the way from Odessa to Turkey in the absence of agreements on the "grain deal". Russian market Factors leading to price growth: The growth of the dollar leaves the possibility of an increase in ruble quotations. Factors leading to lower prices: Long-term inspections of ships in the waters of the Sea of Azov have sharply reduced the pace of exports, there is an accumulation of transport and grain volumes near ports, which is why prices go down; Growth of export duty in the next ...
Source: Zol
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