Wheat price drops more than 50% from its maximum level.
20:48 | Lima, Oct. 1. Between September 20 and 27, the price of wheat fell 4.3% to $280.9 per ton, a product of the greater competitiveness of Russian wheat in international markets driven by its good harvest, according to the BCR. In this way, the price of wheat drops more than 50% from its maximum level in mid-2022. -Wheat price continues to fall in international markets Corn and soybean oil In the period analyzed, the price of corn decreased 1.1% to 176.5 dollars due to the income of the harvest from the USA and Brazil. Between September 20 and 27, the price of soybean oil decreased 3.8% to 1,402.1 dollars due to seasonal pressure from the income of the soybean harvest in the USA and Brazil. The dollar rises In the same period, the dollar index in the international market rose 1.1% due to expectations that the FED will continue with a restrictive monetary policy for a longer time. ...
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