Weather
19°
Time
07:49
Tuesday
13 august
City
Moscow, we identified your city correctly?
Yes, that's right
No, change
Soybeans reached a monthly maximum, wheat and corn also rose in price on Tuesday
Cereals
Legumes
Wheat
Import
Export
agricultural products
Soya
Corn

Soybeans reached a monthly maximum, wheat and corn also rose in price on Tuesday

American wheat, corn, and soybean futures have risen due to concerns over supply reduction and unfavorable weather. A Ukrainian port sustained damages, which also impacted the growth of futures. In the United States, soybean acreage has been reduced to cultivate a larger quantity of corn.

19 July 2023 19 July 2023

As a result of the trading day, September quotations of soft winter wheat on the Chicago Mercantile Exchange CBOT rose to $246.45 per ton, September futures of hard winter wheat KCBT in Kansas City - up to $303.96 per ton, September futures of hard spring wheat MGEX fell to $322, 42 per ton.

U.S. soybean futures hit a one-month high on Tuesday amid concerns about cuts in U.S. supplies and adverse weather that could hurt yields.

Wheat and corn futures also rallied after Ukrainian officials said infrastructure had been damaged in the Black Sea port of Odessa. Cash flow into the markets also helped lift futures, said Arlan Suderman, chief commodities economist at broker StoneX.

November soybean futures rose 17.1/4 cents to $13.95-1/4 a bushel on the Chicago Mercantile Exchange and reached their highest price since June 16. September CBOT wheat rose 17 cents to $6.70-3/4 a bushel and December corn rose 28-1/2 cents to $5.34-1/2 a bushel, the highest price since June 29.

The USDA said farmers have cut soybean acreage this year to set aside more acres for corn, though federal forecasters are still expecting big yields of both crops.

Traders are concerned that warmer, drier weather could reduce yields in late July and August, a critical month for soybean production.

On the Chicago Mercantile Exchange (CBOT) on Tuesday, contracts for delivery in September, November, December:

wheat (September 2023) - 246.45 dollars / t (22280 rubles / t) - plus 2.60%;
corn (DKBR 2023) - $210.43/t (19,030 RUB/t) - plus 5.63%;
soybeans (nbr. 2023) - 512.66 dollars / t (46360 rubles / t) - plus 1.25%;
raw rice (September 2023) - 763.11 USD / t (69,000 rubles / t) - plus 1.37%;
rapeseed (ICE, Nov. 2023) - 833.40 cad/t (57160 RUB/t) - plus 0.43%.

On Tuesday, the French grain market rose again. As a result of the trading day, the September quotations of milling wheat on the Parisian MATIF exchange rose to €234.50 per ton (in dollar terms - up to $263.25). November corn futures - up to €231.00 per ton (in dollar terms they rose to $259.32).

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) - $263.25/t (23,800 RUB/t) - plus 0.90%;
corn (NBR 2023) - $259.32/t (23450 RUB/t) - plus 1.02%;
sunflower (July on the SAFEX exchange - 9180 zar. / t (46020 rub. / t) - plus 0.11%;
sunflower oil. (July, OTC index NTB SOEXP) - 822.35 USD/t (74360 RUR/t) - plus 0.0608%.

Confirm
By continuing to use our site, you consent to the processing of cookies that ensure the proper operation of the site.
Accept all cookies