Grain Market Overview as of July 26, 2024

1. Global Wheat Prices: Significant declines noted in prices of different types of wheat across major exchanges.

2. Corn and Rice Prices: Corn prices saw a minor increase, whereas rice prices dropped significantly.

3. Russian Market Trends: Notable decrease in wheat prices, minor decrease in barley, and slight increase in corn prices.

4. Domestic Prices in Russia: Slight increases in purchase prices at port elevators for certain grain types.

5. Harvesting Progress in Russia: Substantial increase in harvested volumes compared to the previous year, with wheat making up the majority.

6. Legislative Changes: Proposal to simplify GMO checks in seed quality assessments to reduce financial burdens on farmers.

7. Infrastructure Developments: Contracts for construction works that affect rice production in Russia.

8. Agricultural Equipment Sales: A drop in sales, with a significant decline in combine harvester sales.

Conclusion: The grain market exhibits significant price fluctuations influenced by global exchanges and local market conditions. Legislative and infrastructure developments could impact future market dynamics.

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