In world grain market, wheat, corn and soybeans rose on Friday in Chicago and Paris
Wheat
Maize (Corn)
France
United States
Published Mar 27, 2023
Tridge summary
On Friday, March 24, 2023, wheat futures on the Chicago Mercantile Exchange (CBOT) rose amid talk that Russia might suspend wheat exports. As a result of the trading day, CBOT May soft winter wheat in Chicago rose to $252.98 per ton, KCBT May hard winter wheat futures in Kansas City - up to $311.58 per ton, MGEX May hard spring wheat futures rose to $315.07.
Original content
On Friday, March 24, 2023, wheat futures on the Chicago Mercantile Exchange (CBOT) rose amid talk that Russia might suspend wheat exports. As a result of the trading day, CBOT May soft winter wheat in Chicago rose to $252.98 per ton, KCBT May hard winter wheat futures in Kansas City - up to $311.58 per ton, MGEX May hard spring wheat futures rose to $315.07 . Russian business newspaper Vedomosti reported that Moscow may recommend a temporary suspension of wheat and sunflower exports. However, sources later told Reuters that Russia had no plans to stop wheat exports but wanted exporters to ensure that prices paid to farmers were high enough to cover average production costs. Russia wants exporters to guarantee that prices cover production costs. Corn futures rose on strong demand from China. May soft red CBOT winter wheat rose 26.1/2 cents to $6.88-1/2 a bushel. May CBOT corn rose 11-1/4 cents to $6.43 a bushel. Soybeans rose 8-3/4 cents to $14.28-1/4 a bushel. Corn reached its ...
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