US: Chicago close price of grains

Published 2023년 2월 27일

Tridge summary

The Argentine Ministry of Agriculture, Livestock and Fisheries reported a decrease in closing prices for wheat, corn, and soybeans on February 24, 2023, as reported by Chicago markets. Wheat prices fell due to increased U.S. plantings and ongoing geopolitical discussions in the Black Sea region. Corn prices dropped due to increased final stocks in the U.S. and globally, along with a slowdown in exports. Soybean prices also declined due to increased U.S. planting areas and a decrease in exports from Northern countries, alongside heavy rainfall in Argentina.

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Original content

Chihuahua, Chih.- The Ministry of Agriculture, Livestock and Fisheries of Argentina, shares the Chicago closing prices dated February 24 of the current year for Wheat, Corn and Soybeans. WHEAT: Wheat closed the day negatively, posting falls of up to US$ 10/t. Estimates of higher plantings of US wheat for the 2023/24 cycle, added to various geopolitical meetings in the Black Sea region, regarding the resolution of the war conflict and the continuity of the Ukrainian grain shipment corridor, led the cereal to operate in the negative path this day. CORN: The yellow grain closes completely negative this Friday. Higher final stocks both in the United States, the number one producer of corn in the world, as well as at a global level, hand in hand with the maximum historical production record in Brazil, influenced the prices of the North American cereal downwards in line with what happened in the last few days. In addition, a slowdown in export dynamics contributed to supporting the ...

Source: Arriba El Campo