SovEcon: Russian and global grain market news – September 17, 2024

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

On Monday, grain prices declined. The December SRW wheat contract closed at $5.78/bu ($213/mt; -2.7% compared to Friday). The December HRW wheat contract in Kansas fell to $5.80/bu ($213/mt; -3.3%). The December Euronext wheat contract closed at €220.50/mt ($245/mt; -2.0%). The December corn contract decreased to $4.11/bu ($162/mt; -0.6%).

The share of U.S. corn rated in good or excellent condition was 65%, up from 64% the previous week and above the market estimate of 63%, according to the USDA.

One of Ukraine’s largest agribusinesses, Prometey, is closing part of its grain storage facilities and reducing staff, according to the company’s head of business development, Elena Zinovieva.

A state of emergency has been declared in two districts of Russia’s Krasnoyarsk region due to waterlogged soil, the regional government press service reported.

More Articles for You

SovEcon: Russian and global grain market news – November 22, 2024

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

SovEcon: Russian Domestic Wheat Prices Decline for the First Time in a Month

Average prices for Russian wheat dropped amid a decrease in quotes in the southern regions.

SovEcon: Russian and global grain market news – November 21, 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 – November 20, 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 – November 19, 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 – November 18, 2024

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