Current average futures contracts for wheat, corn, and canola

Published 2023년 9월 7일

Tridge summary

The futures market saw a decrease in wheat and corn quotations for delivery in September and November 2023. Russia is currently not part of the Black Sea grain deal, but the European Commission is considering subsidizing grain exports from Ukraine. There are forecasts for the wheat harvest in Hungary and the sunflower harvest in Russia, and Brazil has started purchasing corn for its state reserve.

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 September 2023 saw a decrease in quotations by EUR 1.75/ton - from EUR 235.25/ton at the beginning of the month to EUR 233.50/ton at the end. Russia remains out of the Black Sea grain deal for now The average futures price for the month of September is EUR 234.25/ton, the Ministry of Agriculture and Food stated in its monthly overview of the international grain and oilseed markets. In the European futures market for delivery in November 2023, corn started at €228.25/ton. At the end of the considered period, it reached 214.75 euros/ton, and the quotations decreased by 13.50 points. The average futures price for November is EUR 219.81/ton. For rapeseed, the average futures price for November 2023 is 468.69 euros/ton, for February 2024 – 479.00 euros/ton, and respectively in the month of May 2024 – 484.38 euros/ton. Poland has requested EU funding to build a transit corridor for Ukrainian grain exports, including ports, rail infrastructure ...

Source: Agri