The upward trend in grain prices continues on the world stock markets, mainly due to the escalation of the military conflicts in Ukraine and Israel, as well as the lack of clarity in the upcoming elections in the USA. FOB bread wheat in Chicago rose another $15.00 to $270.00/t for October delivery, France also edged up quotes by €12.00 to €234.00/t. Ukraine and Russia followed the hike more moderately, adding $2.00 and $4.00 respectively to prices of $227.00/t and $223.00/t, the Sofia Commodity Exchange said.
US corn price movement is also clearly on the upside – up $5.00 in the US to $213.00/t, in France up €9.00 to €220.00/t, and in Ukraine up $4.00 to $212.00/t.
Barley in Ukraine rose another $4.00 to $194.00/t for October delivery, while Euronext canola for November delivery moved more sensitively this week with a 6. 00 EUR to 481.00 EUR/ton.
Rotterdam crude sunflower oil contracts for October delivery, after long losses and a slight bounce higher, are now down $5.00 at $1,115.00/t.
At the Sofia Stock Exchange AD, trading in the “Zarno” subdistrict is calm. Bread wheat from this year’s harvest is being sought at a price of BGN 370.00/ton, which was in September. The supply, however, reacted to the events in the Middle East and the new market situation with BGN 530.00/ton for bread wheat and BGN 500 for fodder wheat. There are no deals.
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