Tridge summary
The price of wheat has continued to decline in international markets due to record exports from Russia and Ukraine amidst their confrontation, resulting in a 23.4% decrease in value this year. In contrast, the price of corn increased by 0.8% due to the rise in oil prices and the ban on Ukrainian grain entry by Hungary, Poland, and Slovakia. The price of soybean oil remained stable, but there are downward expectations due to seasonal pressure from the soybean harvest in the US and Brazil.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.
Original content
(Agraria.pe) The price of wheat continues to fall in international markets. In the week of September 13 to 20, it fell 1.9% abroad to reach US$ 293.6 per ton, reported the Central Reserve Bank (BCR) in its latest Weekly Report. The monetary entity indicated that the fall was due to the entry of record exports from Russia and the departure of grain from the Ukrainian port of Chornomorsk, in the midst of the confrontation between both countries. So far this year, the value of wheat has decreased 23.4%, after having closed 2022 slightly above US$360 per ton. Price of cornOn the other hand, the price of corn increased 0.8% to reach US$ 178.4 per ton in the same period analyzed. According to the BCR, the increase was due to the rise in the price of oil, which improves the prospects for ethanol demand. Another factor was also the ban on the entry of Ukrainian grains by Hungary, Poland and Slovakia, which led to Ukraine's complaint to the World Trade Organization (WTO). However, so far ...
Source: Agraria
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