World: Slight corrections of grain contracts to the upside

Published 2023년 8월 12일

Tridge summary

Grain prices have seen slight corrections, with bread wheat prices rising in Chicago, France, Ukraine, and Russia. However, the price of corn has decreased in the USA, France, and Russia. Barley prices in France have corrected upwards, while rapeseed prices on Euronext have shown a slight increase. The price of unrefined sunflower oil on the Rotterdam Stock Exchange continues to decrease, while refined sugar prices on the London exchange have also dropped. Prices for grain and other foodstuffs on the Sofia Stock Exchange are stable.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Even as the first days of August brought a collapse in the prices of the main grain contracts on the world stock markets, this week there were slight corrections in the upward direction. In Chicago, bread wheat FOB rose $7.00 to $248.00/t, France added €4.00 to €235.00/t, and in Ukraine and Russia prices moved up $3.00 and $5.00 respectively to levels of 243.00 and 245.00 USD/ton. The movement in corn is the opposite - in the USA the decrease is by 6.00 dollars to 215.00 USD/ton, France very insignificant change down by minus 0.25 EUR to 225.00 EUR/ton. Russia dropped the price dramatically two weeks ago and is now flat at $228.00/ton. Dramatically increased forecast for the new Ukrainian harvest and for exports The price of barley in France also corrected upwards after the severe decline and added €7.00 to €219.00/ton. Rapeseed on Euronext, which experienced a significant increase in price and subsequent collapse in recent months, now has a more selective movement of plus 1.25 ...

Source: Sinor