Andrey Sizov
05.09.2024
On Wednesday, grain prices continued to rise. The December SRW wheat contract closed at $5.81/bu ($213/mt), up 2.5% from Tuesday. The December HRW wheat contract in Kansas increased to $5.93/bu ($218/mt), up 2.9%. The December Euronext wheat contract closed at €220.50/mt ($244/mt), up 0.6%. The December US corn contract rose to $4.13/bu ($162/mt), up 0.8%.
As of September 4, Ukraine had exported 7.2 million tons of grain, compared to 4.9 million tons in the 2023/24 season, the Ministry of Agrarian Policy reported. Wheat exports totaled 3.8 million tons, and corn exports reached 2.3 million tons.
European traders reported that Algeria’s state agency ONAB issued an international tender to purchase up to 120,000 tons of feed corn, with delivery expected from Argentina or Brazil. The deadline for submitting offers is September 5.
Taiwan’s Flour Millers’ Association purchased about 101,700 tons of milling wheat from the U.S. in a tender on Wednesday, according to European traders.
