Grain prices in Vietnam on December 7, 2022; wheat, corn down, and soybeans up

Wheat

Maize (Corn)

Soybean

Vietnam

Published Dec 8, 2022

Tridge summary

Wheat prices on the Chicago Mercantile Exchange closed lower after mixed trading, as ample global supply continued to weigh on the US market.

Original content

The price of winter soft red wheat for March term closed 10 US cents lower at $7.29 per bushel after falling to $7.23-1/2, the lowest level for the heavily traded contract. as of October 15, 2021. The December spot contract fell 10 US cents to 7.05-1/2 USD/bushel. Corn prices on the Chicago Mercantile Exchange also fell, pressured by wheat prices. The CBOT corn contract for March 2023 closed down 3-1/4 US cent to 6.37-1/4 USD/bushel. The US Department of Agriculture projects global end-of-season corn stocks for the 2022/23 market year at 300.86 million tonnes, slightly up from March estimates. Rising soybean prices were supported by new exports and strong soybean meal prices as Argentina grapples with drought-stricken soybean farming. The price of CBOT soybeans for January term in 2023 increased by 17-1/4 US cents to 14.55 USD/bushel. The US Department of Agriculture announced that US exporters sold 264,000 tonnes of soybeans for delivery to China, as well as 240,000 tonnes ...

Source: Vinanet

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