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Ukrainian wheat market: stability of prices with a decrease in futures on CBOT and EURONEXT

Wheat

Maize (Corn)

Grain & Cereals

Ukraine

Price

Published Dec 11, 2024

Tridge summary

Wheat futures saw a slight decrease in prices on the CBOT and EURONEXT exchanges due to weather risks in Russia and Australia, with minimal movement in the Ukrainian market. Meanwhile, corn futures experienced a price increase due to strong American exports and the closing of speculative positions, with Ukrainian corn prices also strengthening due to increased demand from exporters.

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

Original content

Quotations of wheat showed a minimal decrease, losing momentum to growth on previous news about weather risks in the Russian Federation and Australia. This was reported by Barva Invest. So, last Friday, March wheat futures on the CBOT exchange in Chicago fell by $0.4 to $204.8/ton. In Paris on EURONEXT, similar futures lost $0.1 and traded at $240.4/ton. The Ukrainian market remained inactive, showing stable price dynamics. The demand for grain with protein 11.5% in the Danube ports was $208-212+/ton, in the deep sea ports of the Black Sea - $206-210+/ton. As for corn, its quotations showed growth against the background of good dynamics of American exports and the closing of speculative positions by market participants. At the end of the last working week, March grain futures in Chicago rose by $2 to $173.2/ton, while the same futures in Paris ...

Source: Agravery