Grain Market Overview May 24, 2024

Written By Viktor Zhuravlev

Global Grain Prices: Wheat prices increased globally, especially on exchanges in Chicago, Kansas, and Minneapolis.

  • Corn and Rice Prices: Corn prices rose in Chicago, while rice prices saw a decrease.

  • Russian Market: In Russia, wheat prices saw a slight increase. In contrast, prices for barley and corn dropped.

  • Wheat Index Increase: The Russian wheat index at Novorossiysk experienced a significant rise.

  • Weather Impact: Emergency frost conditions in certain Russian regions affected crop yields.

  • Export Tariffs: Adjustments were announced for export tariffs on wheat, barley, and corn, effective May 29, 2024.

Conclusion: The article provides an update on grain market dynamics, highlighting fluctuations in global and Russian prices influenced by environmental factors and policy changes.

For more detailed information, you can check the original article here.

Viktor Zhuravlev
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