The cost of oil delivery in May 2024 decreased by $3.67 per ton, reaching $1062.53: market analysis.

Statistics on grain prices: in May 2024, prices decreased by $3.67 per ton to $1062.53. This is a decrease of $18.55 per week and $68.34 per month.

The record price was in May 2022 ($2368.81), and the minimum was in January 2024 ($973.99). New minimums were set in October, September, and June 2024.

30 April 2024

On April 26, 2024, the price of offers for delivery in May 2024 decreased by 3.67 dollars per ton and amounted to 1062.53 dollars per ton. Offers on April 25, 2024 were evaluated at 1066.20 dollars per ton.

The price reduction for delivery in May 2024 for the week was 18.55 dollars per ton. For the entire month, the price decreased by 68.34 dollars per ton.

The highest price for delivery in May during the entire observation period was recorded on May 5, 2022, at 2368.81 dollars per ton. The lowest price for delivery in May during the entire observation period was on January 9, 2024, at 973.99 dollars per ton.

On April 26, 2024, the following events were noted:

The price of offers for delivery in October 2024 was 1004.04 dollars per ton, which is the minimum delivery price for the last month (the previous minimum was on March 5, 2024, at 1000.19 dollars per ton).
The price of offers for delivery in September 2024 was 1006.78 dollars per ton, which is the minimum delivery price for the last month (the previous minimum was on March 6, 2024, at 1006.12 dollars per ton).
The price of offers for delivery in June 2024 was 1044.96 dollars per ton, which is the minimum delivery price for June for the last month (the previous minimum was on March 6, 2024, at 1032.42 dollars per ton).

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Source: Forkagro.com

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The cost of oil delivery in May 2024 decreased by $3.67 per ton, reaching $1062.53: market analysis.

Statistics on grain prices: in May 2024, prices decreased by $3.67 per ton to $1062.53. This is a decrease of $18.55 per week and $68.34 per month. The record price was in May 2022 ($2368.81), and the minimum was in January 2024 ($973.99). New minimums were set in October, September, and June 2024.