Grain Market Overview for June 28, 2024

Key Points:

1. Global Wheat Prices: Varied trends observed across different wheat types on international exchanges.

2. Corn and Rice Prices: Significant decreases in prices on the Chicago Board of Trade.

3. Russian Market:

   • Slight increase in FOB prices for wheat and other grains.

   • Domestic purchase prices for certain wheat classes showed variability.

4. Harvest Updates: Several Russian regions reported early harvest progress with comparable yields to the previous year.

5. Government Policies: Adjustments in export duty rates for grains and new government resolutions regarding agricultural tariffs were published.

6. International Developments:

   • Decline in the projected total grain and wheat harvests for Russia as per the International Grain Council.

   • Initiatives for a BRICS grain exchange are underway.

Conclusion:

The grain market shows diverse price movements with significant policy adjustments and active harvest progress in Russia. International projections suggest a downward revision in Russia’s grain output.

More Information:

For a more detailed read, please visit the original article: Zerno.ru.