Tridge summary
Grain prices in Chicago have increased due to potential damage to crops in Ukraine and Russia from expected cold temperatures, as well as the delay of American customs tariffs on Mexican and Canadian imports. The USDA reports that American international sales of wheat and corn have exceeded expectations, while soybean sales have not met the consensus. Weather conditions in South America, particularly in the Buenos Aires Stock Exchange's downgrade of corn and soybean growing conditions, are also impacting grain markets. Notably, SRW wheat for delivery in March 2025 has increased by $15.5 cents/bu at $5.88/bu, corn for delivery in March 2025 has increased by $2.0 cents/bu at $4.95/bu, and soybeans for delivery in March 2025 have increased by $3.5 cents/bu at $10.61/bu.
Disclaimer: The above summary was generated by Tridge's proprietary AI model for informational purposes.
Original content
Grain prices recorded another notable upward performance this Thursday evening in Chicago, led this time by wheat. The drop in temperatures expected in Ukraine and Russia next week could indeed cause significant damage after an excessively mild first part of winter. American grains also continue to benefit from the optimism of operators following the one-month postponement of American customs tariffs on Mexican and Canadian imports decided at the beginning of the week. American international sales of wheat (439 kt) and corn (1.48 Mt) also came out at the top of market expectations for the week, according to the USDA, but soybean sales again fell short of the lower range of the consensus (388 kt). Weather conditions in South America also remain a focus of concern. The Buenos Aires Stock Exchange once again downgraded its corn and ...
Source: TerreNet
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