Oilseed sunflower prices on the global stock exchange sank

Sunflower Seed

United Kingdom

Wheat

United States

Published Mar 18, 2023

Tridge summary

In recent days, we have witnessed a certain crisis in some financial institutions, especially overseas, and it is reflected in the quotations of the main contracts on the commodity exchange markets. Price action during the week was mixed and the downtrend has reversed. In the US, the FOB price of bread wheat returned up $13 to $298 per tonne, that in France added €4 to €275 per tonne. Ukraine quotes wheat without changes for over a month now at 280 USD/ton, and in Russia again minus 5 dollars to 285 USD/ton. The movement of corn is more selective – in the USA minus 1 dollar and 279 USD/t, in France price increase by 5 euros to 282 euros/t, in Russia minus 3 dollars and 257 USD/t. The price of barley also gives opposite signals – in France, an increase of 6 euros to 270 euros/t, in Russia, a drop of 3 dollars and 268 USD/t.

Original content

Only $279.50/t FOB when exporting Ukrainian wheat to Egypt Euronext rapeseed fell again by €26.75 to €472.25/t. The price of crude sunflower oil on the Rotterdam Stock Exchange, which has been moving sinusoidally for some time, continues to adhere to such a fluctuating curve and has plunged $75 this week to trade at $1,055/t. and that of refined sugar for May delivery fell $6.70 to $585.60/t. on the London Stock Exchange. In the "Grain" subdivision of the "Sofia Stock Exchange" JSC, quotations are massively down compared to last week. The buyers of bread wheat lowered the offers by another BGN 10 to BGN 470/ton, and the sellers - by BGN 30 to BGN 650/ton. Announcements for the purchase of fodder wheat fell by BGN 20 to BGN 450/ton, but there is still a lack of supply. The demand for corn remained at BGN 450/t, and the supply – at BGN 500/t. The drop in oilseed sunflower prices was the strongest - with as much as BGN 120 for purchase to BGN 800/ton, sellers appeared at BGN 850/ton. ...

Source: Sinor