On Friday, April 14, 2023, May wheat futures on the Chicago Mercantile Exchange CBOT rose. As a result of the trading day, May CBOT soft winter wheat in Chicago rose to $250.77 per ton, May futures of KCBT hard winter wheat in Kansas City - up to $322.88 per ton, May futures of hard spring wheat MGEX - up to $321.96.
Chicago corn futures rose on Friday for a fourth week in a row, after a week of strong selling in China and demand for ethanol refinery.
Soybeans closed lower as a record crop in Brazil eased worries about drought losses in Argentina.
Chicago Mercantile Exchange (CBOT) May corn rose 14 cents to $6.66-1/4 a bushel and closed the week higher for the fourth straight time. Wheat in Chicago rose 15-1/2 cents to $6.82-1/2 a bushel, while soybeans fell 1/2 cent to $15.00-1/2 a bushel.
The USDA announced large corn export sales to China for the second consecutive day on Friday.
A senior Russian diplomat said on Friday that the West still has time to remove "obstacles" preventing the implementation of the Black Sea grain agreement before May 18. The UN Secretary-General sent a letter to Russia, Ukraine and Turkey to express concern about the implementation of the deal, saying no ships were inspected on Tuesday.
The Argentine Grain Exchange in Buenos Aires said on Thursday that farmers are likely to leave large swaths of soybean fields unharvested due to damage caused by the unprecedented drought. But Brazilian farmers will produce record volumes of soybeans and corn this season, state statistics agency Conab said Thursday.
On the Chicago Mercantile Exchange (CBOT) on Friday, contracts for delivery in May:
wheat (May 2023) - $250.77/t (20480 RUB/t) - plus 2.3%;
corn (May 2023) - 262.30 USD/t (21420 RUB/t) - plus 2.15;
soybeans (May 2023) - 551.33 dollars / t (45,030 rubles / t) - minus 0.03%;
rice raw (May 2023) - 851.79 USD/t (69570 RUB/t) - minus 0.91%;
rapeseed (ICE, May 2023) - 763.10 cad/t (46350 RUB/t) - minus 0.97%.
On Friday, the French grain market rose. As a result of the trading day, the May quotations of milling wheat on the Parisian MATIF stock exchange rose to €250.00 ($275.00 in dollar terms). June quotes of corn - up to €241.75 per ton (in dollar terms $265.93).
On the Paris Stock Exchange (MATIF) on Friday, the quotes of the May, June contracts for the closing of trading amounted to:
milling wheat (May 2023) - 275.00 USD/t (22460 RUB/t) - plus 0.71%;
corn (June 2023) - $265.93/t (21,720 RUB/t) - plus 0.43%;
sunflower (April on the SAFEX exchange - 8732.00 zar./t (39060 rubles/t) - minus 1.13%;
sunflower oil. (April, OTC index NTB SOEXP) - 959.69 USD/t (78380 RUR/t) - plus 0.88%.
Reference exchange rates on 04/14/2023:
RUB 81.6758 = US dollar
RUB 90.0035 = Euro
RUB 60.73890 = Canadian dollar
RUB 44.7291 = 10 South African rand
Source: Grain Portal of the Central Chernozem Region