On Sofia Stokova Exchange (SSB) JSC trade in sub-district “Grainis calm, reports the stock exchange in its weekly review. The price of bread wheat from this year’s harvest to buyers under the Public Procurement Act (PPA) is BGN 370.00/ton, while the supply is much higher at BGN 530.00/ton. The announcements for fodder wheat, otpovo under the PPA, range between BGN 362.00/t for buyers and BGN 500.00/t for sellers. (See the protocol here).
During this week, the global stock markets have calmed down and are even pulling back minimally the prices in some grains. FOB Chicago bread wheat fell $1.00 to $269.00/t for October delivery, France was unchanged at €234.00/t. Ukraine and Russia continued with barely noticeable gains, adding $1.00 and $2.00 respectively to prices of $228.00/t and $225.00/t.
The movement of the price of corn in the USA is also downward – minus $1.00 in the USA to $212.00/t, in France minus €2.00 to €218.00/t, but in Ukraine it is up again up $8.00 to $220.00/t.
Barley in Ukraine rose another $2.00 to $196.00/t for October delivery, while Euronext canola for November delivery rose more sharply this week with a solid rise from 15, 00 EUR to 496.00 EUR/ton.
Rotterdam crude sunflower oil contracts for October delivery, after long losses and a slight bounce higher, now bounced sharply higher, adding $65.00 to $1,180.00/t. Refined sugar also continued its long-term sinusoidal curve, after two straight weeks of strong gains, now back down by $17.30 for October delivery to $566.70/t on the London Stock Exchange.
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