Wheat prices rise by double digits, corn, and soybeans rise on the world grain market on Wednesday

게시됨 2024년 9월 5일

Tridge 요약

The wheat market saw a significant increase on September 4, 2024, with futures prices rising across exchanges, attributed to solid domestic demand, a declining US dollar, and the impact of the Black Sea drought. The US has started sowing winter wheat, and grain shipments are facing delays due to low water levels in the Mississippi River. Meanwhile, other grain markets also experienced gains, with corn and soybeans also on the rise. Additionally, the French wheat market also saw an increase in closing prices for November and December contracts.

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원본 콘텐츠

On Wednesday, September 4, 2024, the wheat market continued to rise. By the end of the trading day, December soft winter wheat quotes on the Chicago Mercantile Exchange CBOT rose to $213.39 per ton, December hard winter wheat futures KCBT in Kansas City - to $217.89 per ton, December hard spring wheat futures MGEХ in Minneapolis - to $229.09 per ton. December wheat futures in Chicago rose by 14 cents. Futures in Kansas City increased by 16-3/4 cents. Spring wheat in Minneapolis rose by 16-1/4 cents. Since the end of August, the world wheat market has added 10% in a week with a little more. Futures on wheat, corn and soybeans rose on Wednesday. Solid domestic demand indicators and a sharp decline in the US dollar provided support. The Black Sea drought, and especially the Russian and Ukrainian drought, is becoming an increasingly obvious cause, which is gradually becoming a problem for winter crop sowing and for the 2025 harvest. Winter wheat sowing has started in the US. The US ...

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