Putin claimed this Wednesday reform the pact facilitated by the UN and Turkey that created a corridor to allow the export of Ukrainian grain. This mechanism was created not only to provide Ukraine with an income but also to reduce pressure on international food prices. “Perhaps it is worth considering how to limit the export of grains and other foods through that route,” said the Russian president, arguing that Ukraine did not fulfill the main agreement to provide food to the poorest countries.
For its part, Ukraine maintains that the agreement is fulfilled strictly and that there is no reason to renegotiate it.
Soybean prices in Chicago, Wednesday, September 7
For its part, soybeans fell 1.6% to US$ 538.94 a ton. Thus, it slows down its trend with the previous day in which it saw a drop in its international prices due to the increase in Argentine sales of soybeans from the creation of a differential exchange rate of $200 for exports of this grain and its derivatives. .
Corn price in Chicago, Wednesday, September 7
For its part, corn gained 3.2% to accommodate at US$269.09 per ton.
The market is awaiting the next report from the United States Department of Agriculture (USDA), The agency is expected to rate 53% of the country’s corn in good to excellent condition, down one percentage point from the previous week’s ratings, which tended to support price hikes.
Source: Ambito
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