News

FOB cash wheat in the US, France, and Russia ends March lower

Wheat
United States
France
Russia
Published Apr 2, 2022

Tridge summary

This week we are seeing further easing in the futures market of wheat on the European and American continents. The pressure of negative news on stock markets is gradually fading, and the world is beginning to adapt in real mode to the new conditions of economic relations. Following the derivatives market, by the end of March, the FOB export cash market in the ports of the USA, France and Russia significantly decreased. Barley and corn dropped. Soybeans in the Western Hemisphere fell in Argentina and the United States, KazakhZerno.kz reports.

Original content

From March 25 to March 30, SRW wheat on an FOB basis from ports in the US fell by $26 from $456 to $430 per ton. 11% protein HRW wheat fell $20 from $485 to $465 per ton. Corn in US ports fell by $22 from $370 to $348 per ton. From March 25 to March 30, French wheat in the port of Rouen fell by $17 from $438 to $421 per ton. Barley from France fell by $10 from $430 to $420 per ton. Russian wheat in the Black Sea ports fell by $20 from $420 to $400 per ton. Russian barley based on the Black Sea fell by $35 from $425 to $390 per ton. Corn from Russia increased by $25 from $350 to $375 per ton. Soybeans on an FOB basis in the US fell by $16 from $686 to $670 per ton, in Argentina it fell by $24 from $681 to $681 per ton. In the second half of March, FOB cash wheat in the ports of the USA and France, after a week-long break, received a second wind in development for an increase. An important factor in this was the outcome of the derivatives market. For the period March 18 to 25, wheat ...
Source: Zol
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