Tridge summary
Between September 9 and October 14, 2022, the global wheat market experienced a price increase, attributed to concerns over the Ukrainian sea corridor, a smaller American harvest, and drought in Argentina. During this period, the spot export price of milling wheat in Rouen and Germany rose by $21 and $4 respectively. In the US, red durum and soft winter wheat prices also increased. However, prices began to decrease towards the middle of October. In Hungary, the producer price of edible and feed wheat surpassed the previous year's price by 36% and 38% respectively. The settlement price of sustainable fodder wheat for March 2023 on the Budapest Stock Exchange slightly decreased during a specified period. The December quotation for wheat on the Chicago Mercantile Exchange ranged between $295 and $332/ton, while the quotation on the Paris commodity exchange decreased to 327 euros/ton.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.
Original content
According to Tallage's information in October, the world market price of wheat rose between September 9 and October 14, which was contributed to by concerns about the Ukrainian sea corridor, a smaller-than-expected American harvest, and a lower crop potential in Argentina due to drought. The spot export price of milling wheat arriving in Rouen (FOB) increased by $21 to $355/t in the indicated period. In Germany, the price of the crop at the port (FOB Hamburg) also increased by $4: the spot price was $359, November $361, and December $363/ton. In the USA, red durum wheat with 11 percent protein content immediate delivery winter wheat (HRW) for $447/ton (+$60), November for $435/ton (+$33), December for $403/ton (+$1) ) could trade. The spot market price for red soft winter wheat (SRW) rose to $403/t (+$61) by October 14. In Argentina, the immediate export price of the crop was 380 dollars/ton. At the same time, the immediate export (FOB) price of 12.5 percent protein mill wheat ...
Source: Magro
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