News

Grain markets are in a downward spiral globally

Wheat
France
Published Mar 28, 2023

Tridge summary

Since the beginning of last week, prices of grain contracts on world stock exchanges have been falling, reaching multi-month lows. Vote: Do you see any sense in the farmers' protests right now? Significant exports from the Black Sea, along with sales by major financial funds in grain and commodity markets in a fragile global economic environment, continue to weigh on quotes, Agritel analysts explain. The flow of goods from Ukraine also remains very high, despite significant logistical difficulties. As a result, the price of wheat in Europe returned to pre-war levels. In the USA, the FOB price of bread wheat fell by 13 dollars to 285 dollars/ton, that in France lost as much as 16 euros to 259 euros/ton.

Original content

Since the beginning of last week, prices of grain contracts on world stock exchanges have been falling, reaching multi-month lows. Vote: Do you see meaning in farm protests right now? Significant exports from the Black Sea, along with sales by major financial funds in grain and commodity markets in a fragile global economic environment, continue to weigh on quotes, Agritel analysts explain. The flow of goods from Ukraine also remains very high, despite significant logistical difficulties. As a result, the price of wheat in Europe returned to pre-war levels. In the USA, the FOB price of bread wheat fell by 13 dollars to 285 dollars/ton, that in France lost as much as 16 euros to 259 euros/ton. The price of wheat from Ukraine has been unchanged for more than a month at the old price of 280 dollars/ton, and in Russia there is a drop of 10 dollars again to 275 dollars/ton, experts from the Sofia Stock Exchange comment. In corn, there is a serious divergence of trends on both sides of ...
Source: Agri
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