Andrey Sizov
21.10.2024
On Friday, grain futures declined. The December SRW wheat contract closed at $5.73/bu ($210/mt; -2.9% compared to Thursday). The December HRW wheat contract in Kansas fell to $5.81/bu ($213/mt; +2.6%). The December Euronext wheat contract closed at €226.50/mt ($251/mt; -1.6%). The December U.S. corn contract declined to $4.05/bu ($159/mt; -0.5%).
Soft wheat sowing in France has been completed on 10% of the area, compared to 32% in 2023 and 27% on average over the past five years, reports FranceAgriMer. Sowing has slowed due to heavy rains in the country.
U.S. corn sales for the week ending November 10 totaled 2.23 million mt, compared to the forecast range of 1.20-2.20 million mt, USDA reported.
On October 18, the USDA reported that exporters sold 125,000 mt of corn to unknown destinations.
Kazakhstan and Russia have agreed to hold bilateral consultations to resolve the issue of the ban on agricultural imports as soon as possible.
On Sunday evening, port infrastructure in the Odesa region was hit by missile strikes, causing a fire.
