On Tuesday, June 06, 2023, July wheat futures on the Chicago Mercantile Exchange CBOT strengthened due to a technical rebound. At the end of the trading day, July CBOT soft winter wheat in Chicago rose to $230.65 per ton, but KSBT hard red winter wheat and MGEX spring wheat futures fell as US export demand remained weak, while KCBT July hard winter wheat futures in Kansas City fell to $301.39 per ton, July futures of durum spring wheat MGEX - to $300.01 per ton.
US corn futures rose on Tuesday ahead of a key government supply and demand report later in the week. Soybeans also closed in positive territory - prices reached a maximum in almost three weeks.
July futures for soft red winter wheat on the Chicago Mercantile Exchange rose 3-3/4 cents at $6.27-3/4 a bushel.
Traders said the lowest bid submitted at an Egyptian government tender to buy wheat on Tuesday was $229 per ton for 55,000 tons of free-on-board Russian wheat. American wheat was not offered in the Egyptian tender.
July CBOT corn rose 10-1/2 cents to $6.08 a bushel and July CBOT soybean futures rose 3-1/4 cents to $13.53-1/4.
Private exporters have reported selling 165,000 tons of soybeans to ship to Spain in the 2022/23 marketing year, the USDA said on Tuesday morning.
On the Chicago Mercantile Exchange (CBOT) on Tuesday, contracts for delivery in July:
wheat (July 2023) - $230.65/t (18,760 RUB/t) - plus 0.60%;
corn (July 2023) - 239.37 USD/t (19470 RUB/t) - plus 1.84%;
soybeans (July 2023) - 497.23 dollars / t (40440 rubles / t) - plus 0.24%;
raw rice (July 2023) - $888.05/t (72230 RUB/t) - plus 1.06%;
rapeseed (ICE, July 2023) - 669.90 cad/t (40,550 RUB/t) - plus 2.26%.
French grain remained stable on Tuesday. As a result of the trading day, the September quotations of milling wheat on the Parisian MATIF exchange fell slightly to €230.25 per ton (in dollar terms to $246.21). August corn quotes rose to €226.00 per ton (in dollar terms - up to $241.66), November futures for new crop corn - up to €224.50 per ton ($240.06).
On the Paris Stock Exchange (MATIF) on Tuesday, the quotes for the August and September contracts at the close of trading amounted to:
milling wheat (Sept. 2023) - 246.21 USD/t (20020 RUB/t) - minus 0.29%;
corn (Aug. 2023) - 241.66 dollars / t (19650 rubles / t) - plus 1.61%;
sunflower (June on the SAFEX exchange - 8418.00 zar./t (35050 rub./t) - plus 2.31%;
sunflower oil. (June, over-the-counter index NTB SOEXP) - 813.95 dollars per ton (66,200 rubles per ton) - minus 4.1724%.