Cereals at the Paris Stock Exchange

• Grain trading markets remain fragile and on a downward trend, although traders point out that the price levels reached are below production costs.

The pace of global economic growth remains a cause for concern, which raises concerns about demand dynamics. An example is the situation in China, where the cancellation of corn imports affects prices in Chicago. right Argus media, Russian grain prices continue to lose ground, with wheat quoted at USD 242/t fob at Novorossiysk port.

The grain corridor was extended by 2 months, leaving room for uncertainty about the next campaign. There are still more than 60 ships waiting to pass inspection. According to Ukraine's agriculture minister, grain production for the 2023 harvest will drop to 45 million tons, while oilseed production will increase to 19,2 million tons.

Agency Reuters, quoted by Agerpres, conveys that on Monday, 22.05.2023, the wheat quotation at the Chicago Grain Exchange (CBOT) fell for the fifth consecutive session, reaching the lowest level in the last more than two years, amid the expectation of a harvest high global prices and the extension of the agreement on Ukrainian grain exports to the Black Sea.

Wheat on the Chicago Grains Exchange (CBOT) fell 22.05.2023% to $0,4 per bushel on Monday, 6,02/2021/0,3, the lowest level since April 5,56, while corn and grain quotes soybeans rose by 0,2% (to $13,09 per bushel) and by XNUMX% (to $XNUMX per bushel), respectively.

Quotations Euronext for 22.05.2023 (GMT+1)

Wheat (€/t)

Corn (€/t)

Rape (€/t)

Article written by Gabriela Dan, Editor of Arta Albă

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