World: Bulgarian wheat is offered for BGN 388 per ton; there are no buyers

Published May 19, 2024

Tridge summary

The global grain market is experiencing a surge in prices due to concerns over a potential drought in Russia. FOB Chicago bread wheat prices have increased by $9.00 to $258.00/t, while corn prices in the US and France have risen by $1.00 to $201.00/t and €6.00 to €201.00/t respectively. However, prices in Russia remained stable. Euronext rapeseed prices have fallen by €7.50 to €473.50/t, and crude sunflower oil contracts on the Rotterdam Stock Exchange have increased by $35 to $1,005 for July delivery. Meanwhile, trading in the "Zarno" sub-district at the Sofia Stock Exchange AD remained quiet with mostly unchanged quotations.

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

Original content

World grain continued to rise The market continues to hold the upward direction of the quotations of the main grain contracts on the world exchanges. According to the Sofia Stock Exchange (SSE), this is mainly due to fears of a drought in Russia. FOB Chicago bread wheat rose another $9.00 to $258.00/t for June delivery, France added €18.00 to €237.00/t. Ukraine and Russia were unchanged at $206.00 and $230.00/t, respectively, the SSB said in its weekly review. Movement with corn is more cautious. In the US, the price rose $1.00 to $201.00/t, in France it was up €6.00 to €201.00/t. As with wheat, the price in Russia remained unchanged at $185.00/t. Barley prices in Ukraine stagnated again at $183.00/t for June delivery. Euronext rapeseed returned down by minus €7.50 to €473.50/t. Crude sunflower oil contracts on the Rotterdam Stock Exchange rose $35 to $1,005 for July delivery. Refined sugar lost $39.40 for August delivery to $536.20/t on the London Stock Exchange. At the Sofia ...

Source: Agroplovdiv