News

Fall in the price of wheat and rise in rapeseed

Canola Seed & Rapeseed
Wheat
United States
Published Dec 18, 2021

Tridge summary

Wheat prices fell yesterday on Euronext, as a consequence of a context of classic volatility during this year-end holiday period and the closing of positions by financial companies, according to the estimate of the consulting firm Agritel. On the other side of the Atlantic, wheat prices fell on Wednesday on the Chicago Stock Exchange, due to the lack of competitiveness of US origins on the international scene and the sale of funds.

Original content

Wheat prices fell yesterday on Euronext, as a consequence of a context of classic volatility during this year-end holiday period and the closing of positions by financial companies, according to the estimate of the Agritel consultancy. On the other side of the Atlantic, wheat prices fell on Wednesday on the Chicago Stock Exchange, due to the lack of competitiveness of US origins on the international scene and the sale of funds. In Russia it is considered that the volume of wheat that could be subject to export quotas as of February 15 could be high, between 8 and 9 Mt. Export taxes reached a historical maximum of $ 91 / t on Wednesday. Export taxes have achieved their objective, achieving that wheat exports since the beginning of the season have fallen by 37% compared to the same period of the previous year. In Australia, the weather has turned favorable for cereals, thanks to mild temperatures. This year's wheat production on the continent is expected to reach record levels, ...
Source: Agrodigital
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