Andrey Sizov
30.10.2024
On Tuesday, grain prices rose. The December SRW wheat contract closed at $5.70/bu ($210/mt), up 2.1% from Friday. The December HRW wheat contract in Kansas increased to $5.74/bu ($211/mt), up 2.3%. The December wheat contract on Euronext closed at €219.75/mt ($244/mt), up 1.3%. The December U.S. corn contract rose to $4.14/bu ($163/mt), up 0.7%.
As of October 28, Ukrainian farmers had sown 4.68 million hectares with winter grains, or 90% of the planned area, according to the Ministry of Agrarian Policy. Of this, 4.1 million hectares were sown with wheat and 0.5 million hectares with barley.
Algeria’s OAIC agency announced a tender to purchase 50,000 mt of soft wheat. Algeria typically buys wheat in quantities exceeding the nominal amount.
Tunisia canceled a tender for the supply of 75,000 mt of durum wheat, European traders reported.
