Global prices for agricultural products were hit last week

Published 2021년 4월 26일

Tridge summary

A recent report has highlighted significant increases in the prices of key agricultural products, including a 16.2% surge for rapeseed in the European market, an 8.5% rise for milled wheat, and a 4.5% increase in maize in Paris. Similarly, wheat, corn, and soybeans experienced price hikes in Chicago, with wheat reaching $261.7 per tonne, corn at $248.96 per tonne, and soybeans at $557.04 per tonne. These increases are attributed to concerns over corn harvest prospects due to cold weather in the U.S. and drought in Brazil, alongside the strength of the weakening dollar. Meanwhile, the cost of orange juice saw a 1.3% decrease. Additionally, Europe saw a positive trend with rapeseed, milled wheat, and corn, with the U.S. Department of Agriculture's recent sales of corn and soybeans to various destinations.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Among the agricultural products monitored in the highlight, the 16.2 per cent European weekly rally for rapeseed clearly stands out, but in Paris, milled wheat also picked up 8.5 per cent and maize also gained 4.5 per cent more than the previous week. In London, the feed wheat price rose 4.1 percent. In Chicago, wheat prices rose 8.8 percent, but corn also rose 7.2 percent, soybeans 5.3 percent and rapeseed 5 percent. Overseas, wheat cost $ 261.7 per tonne after the nearly 9 percent rally. For corn, $ 248.96 was given per tonne, a good seven percent price increase. Soybean prices rose more than five percent, resulting in a price level of $ 557.04 per tonne. Rapeseed was up $ 344.55 per tonne after a five percent plus. Last week, the U.S. cold weather and drought in Brazil raised doubts about the corn harvest prospects for the world’s two largest feed grain exporters at a time of growing Chinese import demand. Markets remain solid as U.S. corn and soybean yields in 2021 may ...
Source: AgroForum

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