On world grain market, wheat fell to a 13-month low, corn and soybeans fell in price on Monday
Wheat
Canola Seed & Rapeseed
Published Dec 6, 2022
Tridge summary
On Monday, December 05, 2022, wheat on the Chicago Mercantile Exchange CBOT extended its losses to a new three-month low. As a result of the trading day, March quotations of soft winter wheat CBOT in Chicago fell to - $271.53 per ton, March futures of hard winter wheat KCBT in Kansas City fell to $309.28 per ton, March futures of hard spring wheat MGEX - to $331.42 .
Original content
Wheat in Chicago tumbled on Monday under pressure from rising global inventories despite stronger-than-expected US exports for the week, analysts said. Corn prices eased due to lower wheat prices, although dry conditions in South America provided support. Soybean trade was nearly equal, supported by export demand and strong meal trade, although wheat also put pressure on oilseeds. March wheat futures on the Chicago Mercantile Exchange (CBOT) fell to $7.39 to its lowest level since October 28, 2021. January soybeans fell to $14.37-3/4 a bushel, while March corn lost 6-3/4 cents to $6.40-1/2 a bushel. Export prices for Russian wheat fell last week on the back of a record harvest in Russia and active supplies from the Black Sea, analysts say. The Australian Federal Bureau of Agricultural and Resource Economics (ABARES) expects a record 62 million tonnes of wheat this year despite massive flooding in the country's eastern regions. Wheat exports from Ukraine fell to 1.58 million tons ...
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