Andrey Sizov
27.11.2024
On Tuesday, wheat prices edged higher. March SRW wheat futures closed at $5.58/bu ($205/mt), up 0.4% from Monday. March HRW wheat futures in Kansas rose to $5.59/bu ($205/mt), up 0.3%. March Euronext wheat futures closed at €225.75/mt ($237/mt), up 0.2%. March U.S. corn futures fell to $4.28/bu ($169/mt), down 0.2%.
U.S. President-elect Donald Trump announced plans to introduce 10% tariffs on goods from China and 25% tariffs on goods from Canada and Mexico. The measure could provoke retaliation from China and Mexico, both significant buyers of U.S. corn.
Polish Prime Minister Donald Tusk and the French National Assembly opposed the EU-Mercosur agreement (with South American countries). The agreement previously sparked protests among the local farmers.
As of Nov. 25, Ukrainian farmers planted 5.1 million hectares of winter crops out of the planned 5.2 million hectares. Of this, 4.4 million hectares of winter wheat were planted out of 4.5 million hectares.
On Tuesday, Jordan purchased 60,000 mt of wheat at $268.9/mt C&F in an international tender.
