Chicago wheat falls to three-month low, corn also cheaper
Wheat and corn prices on world exchanges fell sharply this week. On the Sofia Commodity Exchange, a buyer has offered to pay €192 a tonne for feed wheat. Wheat and corn prices on world exchanges fell sharply this week, with a buyer offering €192 a tonne for feed wheat on the Sofia Commodity Exchange. December wheat contracts in Chicago dropped to about $230 a tonn, the lowest in three months. The fall comes from hopes of talks between Russia and Ukraine, and Moscow has agreed to restart three-way talks with Washington and Kyiv. The price of corn on Euronext fell from €244 to €232.75 a tonon, a loss of €8.75 in one day. The decline is due to large global stocks and a large Russian harvest, and Argentina's wheat crop forecast has been raised by 13%. Since the start of the season, the US has exported 34% less corn than a year earlier.
Pubblicato : 5 ore fa di in Finance World
Wheat and corn prices on world exchanges fell sharply this week. On the Sofia Commodity Exchange, a buyer has offered to pay €192 a tonne for feed wheat.
Wheat and corn prices fell sharply on world m... [3571 symbols]
