Global: Tuesday with stability in prices for cereals and reappearance of open proposals for soybeans

Sunflower Seed

United States

Soybean

Published Mar 20, 2024

Tridge summary

The prices for various crops have been listed with wheat at $165,000/t, corn at $145,000/t, soybeans at $245,000/t, and sorghum at $145,000/t, while no price was provided for sunflower. The Chicago market saw an increase in cereal contracts due to concerns over Black Sea exports and unfavorable American crop weather. Soybeans experienced a mixed performance due to competition from South American suppliers and reduced demand from China, although dry weather in Brazil pushed futures higher.

Disclaimer: The above summary was generated by a state-of-the-art LLM model and is intended for informational purposes only. It is recommended that readers refer to the original article for more context.

Original content

In terms of prices, the offer for wheat with available delivery was at $165,000/t, while the purchase proposal for corn and with unloading until the 22nd of this month was held at $145,000/t. Regarding oilseeds, we had a single offer for soybeans that stood at $245,000/t for unloading between April 15 and May 15. Finally, sorghum was found at $145,000/t for immediate delivery, while sunflower was left vacant. In the Chicago market, Chicago futures ended with a mixed balance. The cereals concluded the round by recording increases in their contracts. In this sense, wheat was supported by renewed concerns regarding Black Sea exports after the recent attacks on the port of Odessa, while corn found support in technical purchases by funds in a context of uncertainty due to ...

Source: Chacra Magazine