Andrey Sizov
17.09.2024
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.
