Global cereal prices on May 24, 2022 simultaneously increased

Wheat

Maize (Corn)

Soybean

Barley

Published May 25, 2022

Original content

On the Chicago Mercantile Exchange, wheat prices rose 0.9 percent to $10.79-1/4 per bushel, after falling 0.74% last week. Wheat and barley growing conditions in France fell sharply for a second straight week as a heatwave exacerbated drought in the European Union's largest grain producer. Corn prices rose 0.32% to $7.81-1/4/bushel and soybeans rose 0.41% to $17.12-1/4/bushel. Argentina, the world's No. 2 corn exporter, may raise its grain export limit for the 2021/22 harvest from 30 million tonnes to 35 million tonnes. Importers in Asia are looking to buy more Russian wheat despite payment problems related to sanctions on Russian banks and rising shipping insurance premiums. Russia and Ukraine each account for about 30% of global wheat exports, but Ukraine's exports are being severely ...

Source: Vinanet

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