Last week continued the sharp downward adjustment of prices for wheat, corn, soybeans and rapeseed. In addition to Russian price pressure on export markets, there is also concern about developments in global demand, particularly for feed grain due to the continued spread of bird flu. Vote: Do you expect difficulties applying to Campaign 2023 for direct payments? The FOB price of bread wheat in the USA continued its downward trend by 18 dollars to 304 dollars/ton, that in France also lost 8 euros to 282 euros/ton. In the case of Ukrainian wheat, there has been no change in the starting price of 280 dollars/ton for more than a month, and in Russia there has been a drop of 2 dollars to 295 dollars/ton. With corn, the situation is very similar – in the USA minus 14 dollars to 285 dollars/ton, in France there is a decrease of 7 euros to 293 euros/ton, in Russia the prices remain unchanged at the level of 265 dollars/ton, reports the Sofia Commodity Exchange.
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Cheap Russian imports keep markets under pressure Markets are also keeping a close eye on negotiations to extend the Black Sea Grain Corridor, which will end on March 18. Optimism about an expanded export deal between Russia and Ukraine and very cheap Russian exports are keeping wheat prices under pressure, analysts say. However, the Russian Foreign Ministry said on Wednesday that Moscow would agree to an extension of the agreement only if the interests of its farmers were taken into account. After a slight increase and subsequent decline, now the price of barley in France is pegged at 275 euros/ton, in Russia there is a decrease of 3 dollars to 271 dollars/ton. Rapeseed on Euronext fell more sensitively by 16 euros to 528.25 euros/ton. The price of unrefined sunflower oil on the exchange in Rotterdam last week added 20 dollars to the previous quotes and is at 1,185 dollars/ton, and that of refined sugar went down by minus 12.30 dollars, reaching 562.40 dollars/ton on the exchange ...
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