Andrey Sizov
17.12.2024
On Monday, the grain market was mixed. March SRW wheat closed at $5.50/bu ($202/mt), down 0.4% from Friday. March HRW wheat in Kansas rose to $5.59/bu ($205/mt), up 0.4%. March Euronext wheat closed at €233.50/mt ($245/mt), gaining 1.7%. March US corn rose to $4.45/bu ($175/mt), up 0.7%.
From December 1 to 16, Ukraine exported 1.1 million mt of grain, down from 1.9 million mt a month earlier and 2.9 million mt a year ago. Since the beginning of the season, total exports reached 19.5 million mt, compared to 16.0 million mt in the prior year.
Saudi Arabia’s GFSA purchased 804,000 mt of wheat at $263-280/mt C&F. The most expensive batch will be supplied from Russia at $280/mt C&F.
European traders reported that on December 18, Algeria’s OAIC will hold a tender to purchase a nominal 50,000 mt of durum wheat.
