SovEcon: Russian and global grain market news – June 24, 2024

Daily news and market insights from a leading firm focused on the Black Sea grain markets research

On Friday, grain futures continued to decline. The September SRW wheat contract closed at $5.76/bu ($211/mt; down 1.8% compared to Thursday). The September Euronext wheat contract fell to €224.50/mt ($240/mt; down 1.0%). The September U.S. corn contract closed at $4.40/bu ($173/mt; down 1.0%).

Six regions of Ukraine have begun harvesting grain, reported the country’s Ministry of Agrarian Policy. As of June 20, 48,300 mt had been harvested from 17,200 hectares with an average yield of 2.81 mt/ha. Most of the grain is barley, with 39,900 mt harvested at an initial yield of 2.98 mt/ha. Wheat crop totalled 1,100 mt with a yield of 2.20 mt/ha.

On Monday morning, the Odesa region was attacked by missiles. According to local authorities, a warehouse facility was damaged.

More Articles for You

SovEcon: Russian and global grain market news – July 19, 2024

Daily news and market insights from a leading firm focused on the Black Sea grain markets research

SovEcon: Russian and global grain market news – July 18, 2024

Daily news and market insights from a leading firm focused on the Black Sea grain markets research

SovEcon: Russian and global grain market news – July 17, 2024

Daily news and market insights from a leading firm focused on the Black Sea grain markets research

July Wheat Exports to Drop Below Average

Wheat exports are anticipated to fall below average at the start of the new season amid declining exporter margins.

SovEcon: Russian and global grain market news – July 16, 2024

Daily news and market insights from a leading firm focused on the Black Sea grain markets research

SovEcon: Russian and global grain market news – July 15, 2024

Daily news and market insights from a leading firm focused on the Black Sea grain markets research