EU: What are the quotes for wheat, corn and canola?

Published 2023년 3월 8일

Tridge summary

The article provides an overview of the futures market trends for key agricultural commodities such as wheat, corn, and rapeseed in March 2023. It also highlights the export-related developments, including Russia's grain export quota and new sunflower oil export duty. The article also provides an update on the global trade of these commodities, particularly focusing on the significant trade volumes of Russian wheat to several countries and the expected agricultural production and harvest figures for Ukraine and Poland. Additionally, it mentions the Ukrainian government's proposal to extend the grain deal with Turkey and the UN for a year, and the Government of India's plan to sell an additional 2 million tonnes of wheat from its reserves to address domestic price issues.

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

Original content

On the futures market, wheat for delivery in March 2023 saw a decrease in quotations by EUR 15.75/ton - from EUR 284.50/ton at the beginning of the month to EUR 279.75/ton at the end. See the redistributive payment rate for Campaign 2022 The average futures price for the month of March is EUR 289.06/ton, the Ministry of Agriculture stated in its monthly overview of the international grain and oilseed markets. In the European futures market for delivery in March 2023, corn started at €278.00/ton. At the end of the considered period, it reached 288.50 euros/ton - an increase in quotations by 10.50 points. The average futures price for the month of March is EUR 288.31/ton. For rapeseed, the regular futures prices for the month of May are 550.56 euros/ton, for August – 548.44 euros/ton, and for November – 549.81 euros/ton. The Government of Russia introduces a quota for the export of grain from the country during the period 15.02 - 13.06.2023 in the amount of 25 million tons without a ...

Source: Agri