The prices of the soybeans, corn, and wheat They played this Wednesday June 21 multi-month highs on the Chicago Stock Exchange, supported by the concern about crop shortages around the world due to adverse weather in key production areas.
The CBOT soybean contract added 2.5% to US$556.56 a tonthe maximum for the contract of new crops from the March 9.
For his part, he corn rose 4.1% to $264.17. The CBOT contract reached its level highest since November 7 at the beginning of the session. Wheat, in turn, shot up 5.3% to $269.88 a ton for the same contract.
this day, the US Department of Agriculture lowered its ratings for corn and soybeans from good to excellent, this was due to sharp declines in the main producing states of Iowa and Illinois.
Concerns about crops elsewhere, including Europe, also increased. In Germany, the 2023 wheat crop of all types is expected to shrink 2.9% year-on-year to 21.87 million metric tons, according to the latest crop estimate from the country’s agricultural cooperative association.
The European Union’s crop monitoring service, MARS, this week cut almost all of its average yield forecasts for the 2023 grain and oilseed crops in the bloc.e, alleging adverse weather conditions.
Source: Ambito
