Wheat became more expensive in the world as war worries grew
Wheat
Soybean
Maize (Corn)
Canola Seed & Rapeseed
Published Sep 29, 2022
Tridge summary
Crop prices continued to rise on commodity markets. In Chicago, wheat was up 3.7 percent, corn 0.5 percent, soybeans 0.3 percent, and canola 0.4 percent more than the previous day. In Europe, the courses of all four priority agricultural products, mill wheat, corn, rapeseed and fodder wheat, also closed in the red.
Original content
U.S. wheat futures rose nearly 4 percent on Wednesday as major grain exporters fretted over fears of an escalating conflict between Russia and Ukraine and drought in the U.S. Great Plains growing region, analysts said. Corn followed wheat futures, while soybeans also strengthened in fluctuating trading. The risk of supply disruptions on the wheat market in the Black Sea export zone has increased. Moscow is preparing to annex parts of Ukraine, releasing vote tallies it runs in favor of joining Russia in four partially occupied provinces after Kyiv and the West denounced it as an illegal, gun-controlled sham referendum. "Some support fears that the Russia-Ukraine war could disrupt Black Sea exports, as well as growing concerns over threats to deploy Russian nuclear weapons," research firm Hightower Report said in a statement. Meanwhile, dry conditions remain in the southern United States, hampering the planting of 2023 winter wheat, while harvests are slow to begin in parts of ...
By clicking “Accept Cookies,” I agree to provide cookies for statistical and personalized preference purposes.
To learn more about our cookies, please read our Privacy Policy.