Andrey Sizov
24.06.2024
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.
