World grain market where wheat, corn and soybeans rose on Wednesday

Wheat

Published Mar 30, 2023

Tridge summary

On Wednesday, March 29, 2023, wheat on the Chicago Mercantile Exchange (CBOT) rose in price due to doubts about wheat exports from Russia. As a result of the trading day, CBOT May soft winter wheat in Chicago rose to $258.95 per ton, KCBT May hard winter wheat futures in Kansas City fell to $319.85 per ton, MGEX May hard spring wheat futures fell to $322.60.

Original content

On Wednesday, March 29, 2023, wheat on the Chicago Mercantile Exchange (CBOT) rose in price due to doubts about wheat exports from Russia. As a result of the trading day, May CBOT soft winter wheat in Chicago rose to $258.95 per ton, May KCBT hard winter wheat futures in Kansas City fell to $319.85 per ton, May MGEX spring wheat futures fell to $322.60. Chicago wheat futures rose to close higher on Wednesday after grain trader Cargill Inc said it would halt grain exports from Russia in July. In addition, grain trader Viterra, partly owned by Swiss mining and trading giant Glencore, plans to stop grain trading in Russia, Bloomberg News reported, citing people familiar with the matter. May futures for wheat on the Chicago Mercantile Exchange (CBOT) rose 5 cents to $7.04-3/4 a bushel. Corn rose 3-1/4 cents to $6.50-1/2 a bushel. May soybeans rose 9-1/2 cents to $14.77-1/4 a bushel, buoyed by continued concerns about crop damage in drought-stricken Argentina. On the Chicago Mercantile ...

Source: Zol

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