Global: Divergent quotations for the grain on the exchanges

Published 2023년 5월 29일

Tridge summary

Wheat prices have been trending downwards since November 2022, with notable decreases in the European MATIF and US markets. Corn prices, however, have seen an increase despite a decrease last year. Meanwhile, barley prices are also decreasing in Russia and France. The extension of the duty-free import of agricultural products from Ukraine for another year by the EC, despite concerns from five countries about uncontrolled imports, is impacting the agricultural market. Kyiv is preparing for potential export restrictions, including a ban on wheat, corn, sunflower, and rape, which could reduce exports by road to about 400 thousand tons per month.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Wheat prices have been falling since November 2022, stock market experts report. Last week the market was no exception. Yavor Gechev: A variant of a state company is being developed to guarantee transactions with grain Already on Wednesday, wheat with a contract for delivery in September went down by 0.6% on the European MATIF exchange and cost 225.50 euros/t, and on an annual basis the quotations have fallen by 47.1%. The price of corn on the Paris exchange in the June contract increased by 0.2% by mid-week and amounted to 218.75 euros/t, having decreased by 39.9% in the last year. In the US, the FOB price of bread wheat fell by one dollar to $251/t. Ukraine offers wheat 7 dollars cheaper - for 250 dollars/ton. A downward movement is also reported in Russia - minus 13 dollars to 247 dollars/t. There is a registered increase in the price of corn. In the US, the discount stopped and the price increased by 12 dollars to 264 dollars/t. There is no change in the Russian quotations, ...

Source: Agri