USA: Drop of 8 euros in soybeans in Chicago

Published 2024년 4월 22일

Tridge summary

This week's global market trends saw significant fluctuations in agricultural commodities. Soybeans faced a sharp decline on the Chicago Stock Exchange, dropping nearly 8 euros per ton, while rapeseed recorded the most substantial fall in the Paris Stock Exchange - Euronext, with a 10 euro per ton decrease. Wheat and corn prices showed mixed results, with increases in Europe but decreases in the US, largely due to geopolitical tensions such as new Israeli bombings on Iran and ongoing conflicts in Ukraine and the Middle East, which particularly affect the wheat market given Russia's major role as an exporter. Contrarily, oats prices saw an uptick on the Chicago Stock Exchange.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Week of contrasts, soybeans are the main protagonist, in world markets in such a way that increases are seen in Paris – Euronext, with the exception of rapeseed, while in Chicago only oats are saved from the decreases that are especially strong in the case of soybeans. Underline that the evolution of prices in these world markets has been greatly affected by the news of new Israeli bombings on Iran that put trade in that area of the Middle East as well as exports from Russia and Ukraine even more at risk. Soybeans, down by 8 euros Sharp drop in soybeans this week on the Chicago Stock Exchange, losing almost 8 euros in just seven days until being listed, contracts closed for May at 396.30 euros per ton. Rape The biggest drop of the week is suffered by rapeseed on the Paris Stock Exchange - Euronext as it loses 10 euros per ton so that the contracts signed for May are at 449 euros per ton. Wheat As far as wheat is concerned, a clear dichotomy can be seen because while it is on the ...
Source: Agromeat

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