SovEcon: Russian and global grain market news – September 05, 2024

Daily news and market insights from a leading firm focused on the Black Sea grain markets research

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.

More Articles for You

SovEcon: Russian and global grain market news – December 10, 2024

Daily news and market insights from a leading firm focused on the Black Sea grain markets research

SovEcon: Russian and global grain market news – December 9, 2024

Daily news and market insights from a leading firm focused on the Black Sea grain markets research

SovEcon: Russian and global grain market news – December 6, 2024

Daily news and market insights from a leading firm focused on the Black Sea grain markets research

SovEcon: Russian and global grain market news – December 5, 2024

Daily news and market insights from a leading firm focused on the Black Sea grain markets research

SovEcon: Russia’s Sunflower Market Turns Down

The forecast was lowered due to expected tight export quotas.

SovEcon: Russian and global grain market news – December 4, 2024

Daily news and market insights from a leading firm focused on the Black Sea grain markets research