US: First round of the week with mostly stable prices among the main grains

Wheat

Nuts & Seeds

Published Mar 19, 2024

Tridge summary

The contractual delivery offer for wheat remained steady at $160,000/t, while corn and sorghum were offered at $145,000/t. There were no open offers for soybeans, but sunflower was offered at $235,000/t for April unloading. Wheat prices were impacted by Russian attacks on agricultural facilities, while dry conditions in the US Midwest led to slight increases in corn prices. Soybean prices, however, dropped due to the progress of the harvest in Brazil, which has reached 63% of the planted area.

Disclaimer: The above summary was generated by a state-of-the-art LLM model and is intended for informational purposes only. It is recommended that readers refer to the original article for more context.

Original content

In this sense, the offer for wheat with contractual delivery remained at values of $160,000/t, while $145,000/t was again the open price offered for corn and for unloading until the 21st of the current month. Regarding oilseeds, once again there have been no open offers for soybeans from local factories, while $235,000/t were offered for sunflower with unloading in April. Finally, sorghum was found at $145,000/t for immediate delivery. In the Chicago market, Chicago futures ended with a mixed balance. Wheat concluded its upward cycle supported by the Russian attacks that occurred over the weekend, which affected agricultural facilities and caused significant damage to various industrial buildings in the port of Odessa as well as the port city of Mykolaiv, in the Black Sea region. On the other hand, some concerns about dry conditions in the Midwest of the United States that could delay spring planting led corn to post slight ...

Source: Chacra Magazine