In anticipation of the Black Sea agreement, world grain prices are collapsing
Published Mar 14, 2023
Original content
Wheat prices fell to an 18-month low last week as rising expectations of an extension to the Black Sea agreement beyond March 18 and high wheat exports from Russia weighed on the market, analysts at Agritel said. Vote: Do you expect difficulties applying to Campaign 2023 for direct payments? After Friday's MATIF session, wheat is the cheapest since September 29, 2021, and corn since February 21 last year. In the US, the FOB price of bread wheat is firmly down again, falling $19 to $285/t. Wheat in France lost another 11 euros to 271 euros/ton. Ukraine has been quoting wheat without changes for more than a month at the old price of $280/ton, and in Russia there is a drop of $5 to $290/ton, experts from the Sofia Stock Exchange comment. The movement of corn prices is similar. In the United States there is a decrease in the dollar to 280 dollars/ton, in France they report a decrease of 16 euros to 277 euros/ton, in Russia the price is also minus 50 dollars to 260 dollars/ton. The US ...
By clicking “Accept Cookies,” I agree to provide cookies for statistical and personalized preference purposes.
To learn more about our cookies, please read our Privacy Policy.