U.S. grain futures continued to rise on Wednesday. December SRW wheat closed at $5.32/bu ($196/mt; +0.6% from Tuesday). December HRW wheat rose to $5.23/bu ($192/mt; +0.5%). December Euronext wheat settled at €192.00/mt ($223/mt; -0.1%). December U.S. corn increased to $4.34/bu ($171/mt; +0.5%).
China pledged to buy a “tremendous” amount of U.S. soybeans, U.S. President Donald Trump said following his meeting with Chinese President Xi Jinping in South Korea. According to Trump, purchases would begin immediately, though no specific volumes were disclosed.
From October 1 to 29, Ukraine exported 2.3 mmt of grain, down from 3.7 mmt a year earlier, according to the country’s Economy Ministry. Total grain exports since the start of the season reached 9.0 mmt, compared to 14.1 mmt a year ago.
